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PCS - PF ch 2

Personal finance vocab for chapter 2

TermDefinition
compound interest earning interest on your interest
emergency fund savings account that is set aside for unexpected events
interest rate fee that is either charged or paid for use of money
pre-authorized check money being pulled out of your pay check directly into a savings
sinking fund saving money for a purchase and letting the interest work for you rather than against you
Created by: cboula
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