Chapter 5 Flash Card
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Savings Account | specific bank account the earns interest, you must make a deposit
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| deposit | currency that you put into an account
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| withdrawl | taking money out of your account
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| account statement | shows the status of your account
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| interest | amount of money paid for the use of a lender's money
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| simple interest | amount paid on original principle
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| principal | the amount of money earning interest
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| annual interest rate | the percent of the principal earned as interest in one year
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| compound interest | earns money not only from original principal, but also on the interest earned during previous interest periods
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| compound interest table | shows the amount of 1.00 for many interest rates and periods
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| daily compounding | when interest is added to your account on a daily basis
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| annuity | when someone deposits and equal amount at equal periods
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| ordinary annuity | occurs when equal deposits are made at the end of each interest period
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| annuity due | occurs when you make regular deposits at the beginning of the interest period
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
Rogue X44
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