Shared Flashcard Set

Details

savings
personal finance
7
Business
11th Grade
03/20/2012

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Cards

Term
rule of 72
Definition
a method used to estimate the ammount of time or interest it will take
Term
simple interest
Definition
interest computed only on the principal
Term
tax deferred
Definition
savings or earnings that are not taxed until the funds are withdrawn
Term
annual percentage rate
Definition
the rate of yearly rating from an account including compound
Term
certificate of deposit
Definition
money deposited for a set period of time that earns a set annual rate
Term
compound interest
Definition
interest figured on money deposited plus interest
Term
tax exempt
Definition
earnings that are fre of certain taxes
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