Term
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Definition
| is money you can earn by initially investing some money |
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Term
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Definition
| arises when interest is added to the principal, so that, from that moment on, the interest that has been added also earns interest |
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Term
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Definition
| simplified way to determine how long an investment will take to double, given a fixed annual rate of interest |
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Term
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Definition
| earnings free of certain taxes |
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Term
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Definition
| type of saving where taxes are not due until funds are withdrawn |
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Term
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Definition
| rate of yearly earnings(including compound interest) |
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Term
| Certificate of Deposit (CD) |
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Definition
| requires you to deposit a given amount of money for a set period of time or term |
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Term
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Definition
| Loaning the gov't money for at least a year and being repaid with interest on a specfic date |
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