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FOB Chpt. 18
Chapter 18: Personal Finance
| Term | Definition |
|---|---|
| FICO Score | credit rating |
| Compound Interest | the impact of earning interest on interest |
| Time Value of Money | the dollar is more valuable today than a dollar in the future |
| Diversification | allocating assets over a wide variety of different types of investments |
| 401K Savings | Company sponsored retirement plan |