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PA Vocabulary PFL Simple & Compound Interest

PA Vocabulary PFL Simple & Compound Interest

Assessment

Flashcard

Mathematics

6th - 8th Grade

Practice Problem

Hard

Created by

DELANIE ATKINSON

FREE Resource

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20 questions

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1.

FLASHCARD QUESTION

Front

401(k)

Back

A Retirement account where money is invested Pre-taxed

2.

FLASHCARD QUESTION

Front

529 account

Back

Educational savings account managed by the state, and is usually tax-deferred

3.

FLASHCARD QUESTION

Front

Annual percentage rate (APR)

Back

Annual percentage rate applied to the balance on a loan compounded monthly

4.

FLASHCARD QUESTION

Front

Annuity

Back

Deductible and non-deductible contributions may be made, taxes may be waived if used for higher education

5.

FLASHCARD QUESTION

Front

Car title loan

Back

A high-interest, short term loan of cash for which an automobile title is required as collateral

6.

FLASHCARD QUESTION

Front

Check

Back

A way to pay for things from a checking account, using a written document

7.

FLASHCARD QUESTION

Front

Collateral

Back

Something you offer in exchange for credit, so that if you don't pay what you owe, they can keep it.

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