Chapter 3 Key Terms

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Across
  1. 5. the average rate of growth for an investment over time; often expressed as an annual figure
  2. 7. the initial amount of money invested or borrowed​​​​​​​
  3. 8. interest paid on interest previously earned
  4. 10. a purchase that requires a significant amount of money
  5. 11. The ______ foundation is to build wealth and give
  6. 13. the amount of interest charged on a debt but not yet collected; interest accumulates from the date a loan is issued
  7. 14. The _____ foundation is to pay cash for college
  8. 16. concept that an amount of money is worth more today than in the future due to earning potential
  9. 17. the persistent rise in the cost of goods and services over time
Down
  1. 1. The _____ foundation is to get out and stay out of debt
  2. 2. The ____ foundation states that you should save $500
  3. 3. Stands for "you only live once" and can be an excuse to spend money you do not have.
  4. 4. a savings account set up specifically to be used to cover financial emergencies
  5. 6. The ______ foundation is to pay cash for your car
  6. 9. the percentage of principal charged by the lender for the use of its money
  7. 12. the measure of an investment’s profit or loss, usually expressed as a percentage of the initial investment
  8. 15. the top three careers reported among millionaires were accounting, engineering and ______.