Interest on a debt not yet collected; accumulates from loan issuance.
Personal Finance: Savings Vocab

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•
Mathematics
•
12th Grade - University
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
Accrued Interest
2.
FLASHCARD QUESTION
Front
Percentage charged by lender for money use
Back
Interest Rate
3.
FLASHCARD QUESTION
Front
Interest on previously earned interest
Back
Compound Interest
4.
FLASHCARD QUESTION
Front
Savings account for financial emergencies
Back
Emergency Fund
5.
FLASHCARD QUESTION
Front
Average growth rate of an investment over time, often annual.
Back
Compound Growth
6.
FLASHCARD QUESTION
Front
A purchase requiring significant money
Back
Large Purchase
7.
FLASHCARD QUESTION
Front
Initial amount invested or borrowed
Back
Principal
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