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6 Cards in this Set
- Front
- Back
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Compound Interest
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Interest computed on the amount saved plus the interest previously earned
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Investing
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Using your savings to earn more money for you
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Liquidity
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The ease with which an investment can be changed into cash without losing any of its value
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Savings Plan
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Putting money away in a systematic way to help reach a financial goal
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Simple Interest
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Interest that is computed only on the amount saved or invested (the principal)
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Yield
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The percentage of interest that will be added to your savings over a period of time
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