Term
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Definition
| Interest computed only on the principle |
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Term
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Definition
| Interest figured on money deposited plus interest |
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Term
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Definition
| A method used to estimate the amount time or interest it will take for savings to double in value |
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Term
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Definition
| Earning that are free of certain taxes |
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Term
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Definition
| Savings or earnings that are not taxed until the funds are withdrawn |
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Term
| Annual Percentage Yield(APY) |
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Definition
| The rate of yearly earning from an account, including compound interest |
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Term
| Certificate of Deposit(CD) |
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Definition
| Money deposited for a set period of time that earns a set annual rate of interest |
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Term
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Definition
| A savings tool that loans money to the U.S. government for a specified period of time.The bondholder is repaid with interest at the of maturity |
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