Chapter 3: Saving Money
Across
- 3. Initial amount of money invested or borrowed
- 5. Average rate of growth for an investment over time; often expressed as an annual figure
- 6. The foundation that states pay cash for your car
- 7. a savings account set up specifically to be used to cover financial emergencies
- 8. The foundation that says pay cash for college
- 12. the measure of an investment's profit or loss, usually expressed as a percentage of the initial investment
Down
- 1. a purchase that requires a significant amount of money
- 2. Percentage of principal charged by the lender for the use of its money
- 4. Interest paid on interest previously earned
- 6. Concept that an amount of money is worth more today than in the future due to earning potential
- 9. The persistent rise in the cost of goods and services over time
- 10. Third reason to save
- 11. Amount of interest charged on a debt but not yet collected