FM Chp. 3 Vocab

The initial amount of money invested or borrowed.

• Large purchase

• Time Value of Money

• Inflation

• Principal

Tags

CCSS.7.RP.A.3

A savings account set up specifically to be used to cover financial emergencies.

• Emergency Fund

• Time Value of Money

• Compound Interest

• Large Purchase

Concept that an amount of money is worth more today than in the future.

• Interest Rate

• Time Value of Money

• Inflation

• Accrued Interest

The average rate of growth for an investment over time.

• Compound Interest

• Compound growth

• Interest rate

• Rate of Return

Tags

CCSS.HSF-IF.C.8B

The persistent rise in the cost of goods and services.

• Compound Growth

• Large Purchase

• Inflation

• Time Value of Money

Tags

CCSS.7.RP.A.3

The amount of interest charged on a debt but not yet collected.

• Compound Growth

• Compound Interest

• Interest Rate

• Accrued Interest

Tags

CCSS.HSF-IF.C.8B

The percentage of principal charged by the lender of use of its money.

• Interest Rate

• Accrued Interest

• Compound Interest

• Rate of Return

Tags

CCSS.7.RP.A.3

The measure of an investment's profit or loss.

• Time Value of Money

• Rate of Return

• Inflation

• Interest Rate

Tags

CCSS.7.RP.A.3

A purchase that requires a lot of money.

• Principal

• Emergency Fund

• Large Purchase

• Accrued Interest

Interest paid on interest previously earned.

• Accrued Interest

• Compound Interest

• Interest Rate

• Time Value of Money

Tags

CCSS.8.EE.C.7B