Term
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Definition
| Intrest coupound only on the principal |
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Term
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Definition
| intrest figured on money deposited plus interest |
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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 savings to double in value |
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Term
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Definition
| Earnings that are free of certin taxes |
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Term
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Definition
| savings or earnings that are not taxed until the funds are withdrawn |
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Term
| annaual percentage yield (APY) |
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Definition
| The rate of yearly earnings from an account inculding compound intrest |
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Term
| Certificate of deposit (CD) |
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Definition
| Money dposited for a set period of time that earns a set annaual rate of intrest |
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Term
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Definition
| a savings tool that loans money to the U.S. gov't for a specified period of time The bondholder is repaild with intrest at the time of maturity |
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