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WorksheetsRamsey vocab quiz ch 3- saving
Total questions: 14
Worksheet time: 8mins
the amount of interest charged on a debt but not yet collected; interest accumulates from the date a loan is issued
Accrued Interest
Compound Interest
Interest Rate
Compound Growth
The percentage of principal charged by the lender for use of money
Interest Rate
Murphy’s Law
Principal
Large Purchase
Interest paid on interest previously learned
Compound Interest
Interest Rate
Inflation
Rate of Return
A savings account set specifically to be used to cover financial emergencies
First Foundation
Emergency Fund
Fifth Foundation
Principal
The average rate of growth for an investment over time; often expressed an annual figure
Rate of Return
Interest Rate
Compound Growth
Compound Interest
A purchase that requires a significant amount of money
Time Value of Money
Second Foundation
Principal
Large Purchse
The initial amount of money invested or borrowed
Principal
Time Vale of Money
Rate of Return
Accrued Interest
The persistent rise in the cost of goods and services over time
Compound Growth
Murphy’s Law
Paycheck to Paycheck
Inflation
The measure of an investment's profit or loss, usually expressed as a percentage of the initial investment
Accrued Interest
Rate of Return
Emergency Fund
Fifth Foundation
Save a $500 emergency fund
Murphy’s Law
Second Foundation
First Foundation
Fifth Foundation
The concept that an amount of money is worth more today than in the future due to earning potential
Rate of Return
Time Value of Money
Fifth Foundation
Third Foundation
putting money aside for saving where it can generate a return and grow over time
(a)
Interest earned on initial investment. A=P(1+rt)
simple interest
Compound interest
interesting interest
APR
From what University did Ms. Perez get her Bachelor's degree?
(a)
