Vocabulary
Adding or putting money into an account.
What is a deposit?
an award for college that someone earns through sports or academics (grades)
What is a scholarship?
money that is coins or paper
What is cash or checks?
The lifetime income for Kristopher who worked for 32 years and earned an annual salary of $42,670.
What is $1,365,440?
Taking money out of an account.
What is a withdrawal?
money that you put away later into an account
What is savings?
the account you use with a debit card
has your own money in it
What is a checking account?
The lifetime income for Sharon who worked for 20 years earning an annual salary of $27,430
What is $548,600?
Extra money that you either earn or owe on credit card
What is interest?
money you get for college if parents make less money
What is a grant?
a card that takes money out of your account immediately (right now)
What is a debit card?
The lifetime income for a Programmer Analyst with an annual salary of $74,960 over a 30 year career.
What is $2,248,800?
How much money is in your bank account right now
What is an opening Balance?
Borrowed money that you have to pay back later
What is a loan?
a card that allows you to borrow and pay it later in the future
What is a credit card?
The lifetime income for a Computer Support Specialist with an annual salary of $46,260 over a 30 year career.
What is $1,387,800?
how much money you earn in one year
What is an annual salary?
providing money while working at a college
What is a work study program?
a summary of an individuals credit activity or history
What is a credit report?
The difference between a Vet Assistant's salary and a Veterinarian's salary over a 10 year period if the Assistant's annual salary is $20,090 and the Veterinarian's annual salary is $97,200.
What is $771,100?