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| Money you can earn by initially investing some money |
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| Intrest that is paid on both principal and also on any interest over the years |
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A rule that sates, in order to find the number of years required to double your money at a given interest rate, you divide the compound return into 72. The result is the approximate number of years that it will take for your investment to double
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Definition
| Eliminating your obligation to pay taxes |
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| taxes that can be postponed until another date |
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Definition
Effective annual rate of return taking into account the effect of compounding interest
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Term
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Definition
savings certificate entitling the bearer to receive interest
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Definition
A U.S. government savings bond that offers a fixed rate of interest over a fixed period of time
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