Term
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Definition
| is computed onlyon the principal does not include interest earned. |
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Term
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Definition
| is figured on the money deposited plus the interest it earns. |
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Term
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Definition
| to estimate the amount of time or interest it will take for your savings to double in value. |
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Term
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Definition
| refers to earnings that are free of certain taxes. |
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Term
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Definition
| refers to a type of savings in which taxes on principal and/or earnings are not due until the founds are withdrawn. |
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Term
| Annual percentage yield (APY) |
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Definition
| is the rate of yearly earnings from an account 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 term. |
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Term
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Definition
| you are loaning the goverment money for loan with interest. |
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