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chpt. 11
chpt.11
8
Finance
12th Grade
03/19/2012

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Cards

Term
Simplest interest
Definition
interest computed only on principle.
Term
compound interest
Definition
interest that figure on money deposited plus interest.
Term
Rule of 72
Definition
a method used to estimate the amount of time or interest it will take for savings to double in value.
Term
tax exempt
Definition
Earnings that are free of certain taxes
Term
tax deferred
Definition
savings or earnings that are not taxed until the fund are withdrawn.
Term
annual percentage yield
Definition
the rate of yearly earnins from an account including compound interest
Term
certificate of deposit
Definition
money deposited for a set period of time that earns a set annual rate of interest.
Term
U.S savings bond
Definition
savings tool that loans money to the U.S government for a specified period of time
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