Finance

3. Type of interest also known as flat rate interest.
4. The P in I = Prn.
8. Type of depreciation where an item’s value decreases by the same amount each year (2 words).
10. The r in I = Prn.
12. Decrease in value of an item over time
14. p.a. stands for per __________.
15. With depreciation, another name for current value is ________ value
17. Increase in prices of goods and services
18. Number of months in a year.
19. Type of interest earned on balance plus previous interest.

1. Banks charge these on all of their accounts.
2. Increase in value of an item over time
5. Money earned on an investment
6. time.
7. Goods and services tax (abbreviation).
9. The length of time a principal is invested.
11. This word means occurring every 3 months.
13. Which is a better investment strategy, to compound quarterly or monthly?
16. Electronic funds transfer from your bank account to pay for items at a store.