Savings

Vocabulary

Calculations

Compound Interest

Loans

When you get paid interest this is what you get paid when banks pay you interest 4 times a year

What is compounded quarterly?

What the automobile is currently worth?

What is Actual Cash Value?

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

What is $1800?

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?

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

What is the Principal?

Pays medical expenses for injuries to somebody else

What is Body Injury Liability?

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?

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?

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

What is a Claim?

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

What is $257.50?

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?

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

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?

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?

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

What is Deductible?

Shows that someone has liability insurance

What is SR-22?

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?

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