Shared Flashcard Set

Details

Savings
Personal Finance
8
Finance
10th Grade
03/19/2012

Additional Finance Flashcards

 


 

Cards

Term
Simple intrest
Definition
Intrest computed only on the prinicpal
Term
Compound intrest
Definition
Intrest figured on money deposited plus interest
Term
Rule of 72
Definition
A method used to estimate the amount of time or intrest it will take for savings to double in value
Term
Tax exempt
Definition
Earnings that are free of certain taxes
Term
Tax deferred
Definition
Savings or earings that are not taxed until the funds are withdrawn
Term
Annual percentage yield
Definition
the rate of yearly earnings from an account, including compound intrest.
Term
Certificate of deposite
Definition
Money deposited for a set peroiod of time that earns a set annual rate of intrest
Term
U.S. savings bond
Definition
A savings tool that loans money to the U.S. government for a specified period of time
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