Savings Accounts
Across
- 5. how much a set amount of money will be worth in the future
- 8. money paid to you by the bank for being able to use your money
- 9. when money is earned on the total amount in the account including interest already earned
- 11. total amount of money that is in the account at a give point in time
- 12. the process of setting money aside for a future date instead of spending it today
Down
- 1. the amount that $1 at some point in the future is worth today
- 2. percentage you are paid for your money
- 3. money taken out of your savings account
- 4. the value of money right now
- 6. money you put into your savings account
- 7. a formula designed to help people estimate how long it will take to double their money
- 10. the process of setting money aside to increase wealth over time and accumulate funds for long-term financial goals such as retirement