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

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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

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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.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

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.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Front

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

Back

ORDINARY ANNUITY