MDFL Chapter 2 Vocab

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Across
  1. 2. A specified date at which the final payment, including any principal and interest, is paid on an account.
  2. 4. Interest that is earned on the money deposited into an account plus previous interest.
  3. 10. The value an account will grow to based on a deposits and interest rate.
  4. 11. A type of savings account that guarantees a fixed interest rate for a specified deposit and period of time.
  5. 13. A percentage of money that is gained from saving and/or investing money or owed from borrowing money.
  6. 14. Some accounts require this to avoid paying fees.
  7. 15. Temporarily stopping or preventing the use of an account or a certain balance of an account.
Down
  1. 1. The total interest rate for an interest-bearing account over a 1-year period.
  2. 3. The interest rate paid per year or charged per year, also called APR.
  3. 5. The current value of a future sum of money.
  4. 6. The process of depositing payroll directly into an account.
  5. 7. The starting amount of money borrowed or invested.
  6. 8. Signing a check to deposit it into an account.
  7. 9. Checks and Deposits that haven’t cleared and don’t appear on your statement.
  8. 12. Interest charged only on the principal.