Savings
Vocabulary
Calculations
Compound Interest
Loans

100

When you get paid interest this is what you get paid when banks pay you interest 4 times a year
What is compounded quarterly?

100

What the automobile is currently worth?
What is Actual Cash Value?

100

The original price of a bicycle is $2,000.00 and the discount is 10% what is the selling price?
What is $1800?

100

Junie invests $8,000 in an account that pays 6.5% annual interest , compounded semi-annually. What is his balance, to the nearest cent, at the end of 5 years?
What is $11,015.15?

200

This is the amount of money you initially you place in the savings account
What is the Principal?

200

Pays medical expenses for injuries to somebody else
What is Body Injury Liability?

200

The original price of a kitten is $39.99. The discount is 38% and the tax is 6%. What is the selling price?
What is $27.19?

300

This is the amount of simple interest you earn if you place $2,546.00 in an account earning 15.00% for 2 years
What is $763.80?

300

A policy holder submits a bill to the insurance company to help you pay for covered expenses
What is a Claim?

300

The original price of a microscope is $250.00 and the tax is 3%. What is the selling price?
What is $257.50?

300

Jeremy deposits $8,000 in a certificate of deposit that pays 2.4% simple interest for 5 years. How much interest was he paid
What is $960?

400

$2000 is invested in an account that pays $5.5% interest compounded semi-annually for 5 years. This is the balance

400

When the other persons insurance doesn't pay for all of your medical expenses and damage to your property, your insurance will cover what the other company will not pay
What is Underinsured Motorist Coverage?

400

The cost of a sweater is $35.00. The markup is 55%. The discount is 55% and the tax is 2%. What is the selling price?
What is $35.70?

500

This is what you pay to get insurance so they'll cover you.
What is Deductible?

500

Shows that someone has liability insurance
What is SR-22?

500

The total cost of shoes is $59.95. The markup is 80%. The discount is 20% and the tax is 1%. What is the selling price?
What is $96.52?