Saving and Investing

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Across
  1. 5. (2 words) interest calculated on the principal and accumulated interest
  2. 7. a slip of paper that provides written instructions to a bank to pay an amount to the person or organization named
  3. 9. a machine, found in such places as banks, malls, variety stores, and grocery stores, which allows the use of a bank card to withdraw money
  4. 10. money taken out of a bank account
  5. 12. (2 words) per year
  6. 13. (2 words) the time for which compound interest is calculated, such as monthly or semi-annually
  7. 16. (2 words) a bank card used to pay for purchases where the money is transferred by computer from the purchaser's bank account to the store's bank account
  8. 17. a debit or credit in a bank account or by credit card
Down
  1. 1. (2 words) a bank account that permits the writing of cheques; the type used by most people for transactions
  2. 2. put money in a bank account
  3. 3. (of an investment) an original sum of money invested or lent.
  4. 4. (of an investment) the principal that was invested plus the interest earned
  5. 6. (2 words) interest calculated on the principal using the formula I=Prt
  6. 8. (2 words) a large collection of stock and/or bonds owned by many people, who purchase units, and administered by a fund manager
  7. 11. a fee charged/paid for borrowing/loaning money, usually a percent of the amount of money involved
  8. 14. (Guaranteed Investment Certificate)an investment where the interest rate remains the same for a set time
  9. 15. to set money aside and put it to work to earn more money over the long term