Investing
This is the term for money a bank charges you for borrowing, expressed as a percentage of the loan.
interest rate
This is the name for a loan specifically used to buy a home, where the house itself serves as collateral.
mortgage
This is income earned from sources other than a job like rent from a property or dividends from stocks
passive income
What color is my chain
I dont have one
What is Obamas last name
idek
Unlike simple interest, this type grows faster because you earn interest on your previously earned interest too.
What is compound interest?
This upfront payment typically 3–20% of the home's price is made by the buyer when purchasing a house
down payment
This document, provided by your employer each January, shows your total earnings and taxes withheld for the previous year.
W-2 form
Who is Noofs favorite player on barca
Full points :Frenkie de jong and Pedri
Half Points:Yamal,Raphina,blade
What is the 5th planet from the sun
Jupiter
This shortcut rule tells you how many years it takes to double your money just divide 72 by the interest rate.
Rule of 72
This type of mortgage keeps the same interest rate for the entire life of the loan, making monthly payments predictable
fixed rate mortgage
This is the percentage of tax you pay on your last dollar of income not on your entire paycheck.
marginal tax rate
WHO WON LA LIGA
VISCAAAA BARCAAAAAAAA
What is day trading
When you trade during the day
This stands for Annual Percentage Rate the yearly cost of borrowing money including fees, used to compare loans.
Annual Percentage Rate ( APR)
This type of mortgage starts with a lower interest rate that can change over time based on market conditions.
adjustable-rate mortgage (ARM)
This budgeting strategy assigns every dollar of your income a specific job savings, bills, spending so nothing is unaccounted for.
zero based budgeting
What cleats should Saifan Buy Noof
realistically all of them but ethier mercs or f50s
What is the 15th amendment
prohibits federal and state governments from denying a citizen the right to vote based on "race, color, or previous condition of servitude"
When inflation is higher than your savings account interest rate, this happens to the real value of your money over time.
loses purchasing power (real value decreases)
This is the process of gradually paying off a mortgage through regular monthly payments that cover both principal and interest
amortization
These are expenses the IRS allows you to subtract from your taxable income, reducing the total amount of tax you owe.
tax deductions
What is Noofs Full name
Nayeef mahmoud the 2nd of the 3rd jr
Who is the green ninja
Lloyd