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terms
definitions
8
Other
12th Grade
03/19/2012

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Term
simple intrest
Definition
is computed only on the principal does not conclude intrest earned.
Term
compound intrest
Definition
is figured on the money deposited plus the intrest it earns
Term
rule of 72
Definition
to estimate the amount of time or intrest it will take for your savings to double in vaule
Term
tax exemot
Definition
refrs to earnins that are free of certain taxes
Term
tax deferred
Definition
refers to a type of savings in which taxes on principal and/or earnings are not due until the fund are withdrawn
Term
annual percentage yeild
Definition
is the the rate of yearly earnings from an account, including, compound intrest
Term
certificate of deposit
Definition
requires you to deposita given amount of money for a set period or term
Term
u.s. savings bond
Definition
your loaning the government money for a minimum of one year
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