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Details

saving
personal financial
8
Accounting
9th Grade
03/19/2012

Additional Accounting Flashcards

 


 

Cards

Term
simple intrest
Definition
computed only on the principal or the amount of money originally deposited
Term
compond intrest
Definition
figured on the money deposited plus the intrest earned
Term
Rule of 72
Definition
to estimate the amount of time or intrest it will take for your saving to double in value
Term
Tax exempt
Definition
refers to earnings that are free or certian taxes
Term
Tax deferred
Definition
refers to type of savings in which taxes on principal and/or earnings are not due until the funds are withdrawn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 intrest
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 bound
Definition
you are loaning the government money for a minimum of one year
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