2.3 Cengage

Front

What is an account in which the bank pays interest for the use of the money deposited?

Back

Savings Account

Front

What is a progression of numbers in which the difference between any two consecutive terms is a constant?

Back

Arithmetic Sequence

Front

What term describes something without end?

Back

Infinite

Front

What is the balance, or amount of money, in an account, or amount borrowed?

Back

Principle

Front

What is the term for the minimum amount of money that must be maintained in an account?

Back

Minimum Balance

Front

What is a type of account that typically offers higher interest rates and requires a higher minimum balance?

Back

Money Market Account

Front

What is the term for the annual cost of borrowing money, expressed as a percentage?

Back

Annual Percentage Rate (APR)

Front

What is a financial product that allows you to deposit money for a fixed period and earn interest?

Back

Certificate of Deposit (CD)

Front

What is the term for the amount of interest earned or paid on a principal amount?

Back

Interest Rate

Front

What is the term for a sequence where each term is derived by adding a constant to the previous term?

Back

Arithmetic Sequence