Personal Finance Vocab

Front

Amount added to goods cost for overhead

Back

Markup

Front

Reduction in price?

Back

Markdown

Front

Subtracted from original price?

Back

Discount

Front

Amount paid/earned for using money by a bank?

Back

Interest

Front

Borrowing money is interest...

Back

paid

Front

Saving money is interest...

Back

earned

Front

Interest added to a deposit or loan that earns interest itself.

Back

Compound Interest

Front

I=Prt represents:

Back

Simple Interest

Front

A=P(1+r)^t

Back

Compound Interest

Front

Family plan for spending?

Back

Family Budget