Ch. 3 Saving Money

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1.
a savings account set up specifically to be used to cover financial emergencies
2.
a purchase requiring a significant amount of money
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the amount of interest charged on a debt but not yet collected
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the amount of interest charged on a debt but not yet collected
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the average rate of growth for an investment over time; often expressed as an annual figure
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interest paid on interest previously earned
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the initial amount of money invested or borrowed
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the measure of an investment’s profit or loss, usually expressed as a percentage of the initial investment
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the persistent rise in the cost of goods and services over time
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concept that an amount of money is worth more today than in the future due to earning potential
11.
Save a $500 emergency fund
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Pay cash for your car
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Pay cash for college
14.
Build wealth and give