30 Flashcards
(6 cards)
1
Q
savings
A
money u save that helps ensure u have money when u need it
save at least 10 percent of ur income
2
Q
reasons to save
A
to make major purchases
to provide for emergencies
to have income for retirement
3
Q
reasons to save
A
to make major purchases
to provide for emergencies
to have income for retirement
4
Q
rate of return
A
percentage of increase in the value of ur savings from earned interest
5
Q
compound interest
A
earned on both principal and interest
6
Q
compound interest
A
earned on both principal and interest
