Term
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Definition
| computed only on the principal or the amount of money originally deposited |
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Term
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Definition
| figured on the money deposited plus the intrest it earns |
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Term
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Definition
| a method used to estimate the amount of time or intrest 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 on principal and/or earnings |
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Term
| Annual percentage yield (APY) |
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Definition
| the rate of yearly earnings from an account, including compound intrest. |
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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
| you are loaning the government money for a minimum of one year |
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