Shared Flashcard Set

Details

savings
flashcards
7
Finance
10th Grade
03/19/2012

Additional Finance Flashcards

 


 

Cards

Term
simple intrest
Definition
is a computed only on the priciple or the amount of money originally deposited
Term
compound intrest
Definition
is figured on the money deposited plus intrest it earns
Term
rule of 72
Definition
used to estimate the amount of time or intrest it will take for 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refers to a type of savings in which taxes on principal and/or earnings are not due until the funds are withdrawn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
apy
Definition
is the rate of apy in effect
Term
cd
Definition
requires you to deposit a given amount of money for a set period of time or term
Supporting users have an ad free experience!