Week 3 Flashcards
(2 cards)
1
Q
Effective rate of interest
A
Actual rate of return for a period, factoring in compounding interest.
Amt of interest earned during year
————————————————
Amt of money deposited
2
Q
The widows gap
A
Spouse can get a portion of SS benefits but only if age 60 is reached and dependent child is under age 16.
