Term
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Definition
| interest computed only on the principal. |
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Term
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Definition
| interest 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 interest it will take for saving to double in value. |
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Term
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Definition
| earnining that are free of certain taxes. |
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Term
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Definition
| savings or earning that are not taxed until the funds are withdrawn. |
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Term
| annual percentage yield(apy) |
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Definition
| the rate of yearly earnings from an account, including compound interest. |
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Term
| certificate of deposit(cd) |
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Definition
| money deposited for a set period of time that earns a set annual rate of interest. |
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Term
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Definition
| a savings tool that loans money to the u.s. government for a specified period of time.the bondholder is repaid with interest at the time of maturity. |
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