Personal Financial Literacy--7th Grade Math

A value that represents something you own.

interest calculated on the principal, as well as all previous interest earned

a value that represents something you owe, an amount you spend

the amount of money that is coming in or earned

the amount of money owed to someone else

how much you are worth, the difference between assets and liabilities

a return or amount that is returned to you after the purchase

the interest calculated only on the principal, I=prt

tax on good and services at the time of purchase