WorksheetsRamsey Chapter 3
Total questions: 10
Worksheet time: 5mins
a savings account set up specifically to be used to cover financial emergencies
Emergency Fund
Time Value of Money
Large Purchase
Compound Growth
the persistent rise in the cost of goods and services over time
Inflation
Compound Growth
Emergency Fund
Large Purchase
a purchase that requires a significant amount of money
Large Purchase
Rate of Return
Principal
Inflation
the amount of interest charged on a debt but not yet collected; interest accumulates from the date a loan is issued
Accrued Interest
Compound Growth
Compound Interest
Rate of Return
the measure of an investment’s profit or loss, usually expressed as a percentage of the initial investment
Rate of Return
Accrued Interest
Compound Growth
Interest Rate
interest paid on interest previously earned
Compound Interest
Accrued Interest
Compound Growth
Interest Rate
the percentage of principal charged by the lender for the use of its money
Interest Rate
Accrued Interest
Compound Interest
Compound Growth
the initial amount of money invested or borrowed
Principal
Inflation
Rate of Return
Time Value of Money
concept that an amount of money is worth more today than in the future due to earning potential
Time Value of Money
Inflation
Rate of Return
Compound Growth
the average rate of growth for an investment over time; often expressed as an annual figure
Compound Growth
Principal
Rate of Return
Compound Interest
