Vocabulary Simple and Compound Interests

Front

The expense of borrowing money or amount of money added to a loan debt.

Back

INTEREST

Tags

CCSS.7.RP.A.3

Front

The total amount of money borrowed (or invested), not including any interest or dividends.

Back

PRINCIPAL AMOUNT

Tags

CCSS.7.RP.A.3

Front

The amount a lender charges a borrower and is a percentage of the principal-the amount loaned.

Back

INTEREST RATE

Tags

CCSS.7.RP.A.3

Front

What is it called when interest is paid on a daily, monthly, quarterly, or annual basis?

Back

LOAN PERIOD

Front

Quick and easy method of calculating the interest charge on a loan.

Back

SIMPLE INTEREST 

Tags

CCSS.7.RP.A.3

Front

The amount due and payable to the holder of a financial obligation as of the maturity date of the obligation.

Back

MATURITY VALUE

Tags

CCSS.HSF.IF.A.2

Front

Interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods.

Back

COMPOUND INTEREST

Tags

CCSS.HSF.BF.A.2

Front

The distribution of a company's earnings to its shareholders and is determined by the company's board of directors.

Back

DIVIDEND

Tags

CCSS.L.11-12.4C

CCSS.L.9-10.4C

CCSS.L.8.4C

CCSS.L.7.4C

CCSS.L.6.4C

Front

A financial term used to describe the nominal or dollar value of a security, as stated by its issuer.

Back

FACE VALUE

Tags

CCSS.L.11-12.4C

CCSS.L.9-10.4C

CCSS.L.8.4C

CCSS.L.7.4C

CCSS.L.6.4C

Front

It defined as the annuity where the payment is made at the end of each payment interval. 

Back

ORDINARY ANNUITY