Shared Flashcard Set

Details

personal finance 4th
flashcards 4th period
8
Accounting
9th Grade
03/19/2012

Additional Accounting Flashcards

 


 

Cards

Term
simple interest
Definition
is computed only on the principal or the amount of money originally deposited.
Term
compound
Definition
is figured on the money deposited plus the interst it earns.
Term
rule of 72
Definition
to estimate the amount of time or interest it will take for your savings to double in value.
Term
tax exempt
Definition
refers to earnings that are free of certain taxes.
Term
tax deferred
Definition
refers to a type of savings in which taxes on principal and/ or earnings are not due until the funds are withdrawn.
Term
annual percentage yield
Definition
is the rate of yearly earnings from an account, including compound interest.
Term
certificate of deposit
Definition
requires you to deposit a given amount of money for a set period of time or term.
Term
U.S.savings bond
Definition
you are loaning the government money for a minimum of one year
Supporting users have an ad free experience!