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persoal finance
falsh
6
Finance
10th Grade
03/19/2012
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Term
simple interest
 Definition
interest computed only on the principal
Term
compound interest
 Definition
interest figured on money desposited plus interest
Term
rule of 72
 Definition
a method used to estimate the amount of time or interest
Term
tax deferred
 Definition
saving or earning that are not taxed until the fund are withdraw
Term
apy
 Definition
the rate of yearly earning from an account including compound interest
Term
certificate of deposit
 Definition
money deposited for a set period of time that earn a set annual rate of interest
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