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personal finance

TermDefinition
sinking fund saving money over time for a large purchase
compound interest interest paid on interest previously earned; credited daily, monthly, quarterly or semiannually
emergency fund five hundred dollars in readily available cash to be used only in the event of an emergency; to goal of the first foundation
interest rate percentage paid to a lender for the use of borrowed money (in debt); percentage earned on invested principal (in investing)
five foundations the five steps to financial success
Created by: ally.fulton
Popular Finance sets

 

 



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