Term
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Definition
| is computed only on the principal or the amount of money originally deposited |
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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 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 certian 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| refers to a type of savings in which taxes on principal and/or earnings are not due until the funds are withdrawn |
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Term
| annaual percentaage yield (apy) |
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Definition
| is the rate of yearly earnings from an account, including compound intrest |
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Term
| certificate of deposite (cd) |
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Definition
| requires you to deposite a giving 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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