Fin Lit 3

Interest paid on interest previously earned; credited daily, monthly, quarterly or semiannually

• Compound Interest:

• Interest Rate:

• Dividends:

• Zero Percent Interest

Get out of debt, and stay out of debt

• Second Foundation

• First Foundation

• Third Foundation

• Accrued Interest

$500 emergency fund

• The Fifth Foundation:

• First Foundation

• Second Foundation

• Third Foundation

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

• Inflation

• Accrued Interest

• Compound Interest

• Debt

A savings account that is set aside to be used only for emergency expenses.

• Interest Rate

• Emergency fund

• Accrued Interest

• Compound growth

The interest rate on a savings account.

• Rate of return

• Interest Rate

• Accrued Interest

• Compound growth

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

• Rate of return

• Accrued Interest

• Emergency fund

• Interest Rate

A general increase in prices; money today is worth more than the same amount in the future.

• Compound Growth

• Compound Interest

• Inflation

• Recession

Pay cash for your car.

• The Fourth Foundation

• First Foundation

• Second Foundation

• Third Foundation

Definition: If something can go wrong, it will.

• Murphey's Law

• Emergency Fund

• Feminist Theory

• Second Law Of Thermodynamics