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Definition
| is interest calculated only on the money you've deposited, not on prior interest earned. |
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Term
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Definition
| is interest calculated on both deposits made and prior interest earned |
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Term
| annual percentage yield(apy) |
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Definition
| this figure tells you the actual annual rate at which interest is earned, including the effects of compounding. |
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Term
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Definition
| divide 72 by the interest the answer is the number of years it will take to double your money |
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Term
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Definition
| Economics, Accounting & Finance / Accounting & Book-keeping) (of an income or property) exempt from taxation |
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Term
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Definition
1. Of or relating to an investment that is not liable to taxation until income is withdrawn or an appointed date is reached.
2. Of or relating to the income that such an investment generates prior to becoming subject to taxation. |
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Term
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Definition
| A certificate from a bank stating that the named party has a specified sum on deposit, usually for a given period of time at a fixed rate of interest. |
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Term
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Definition
| A nontransferable registered bond issued by the U.S. government in denominations of $50 to $10,000 |
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