Unit 4 Accounts

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Across
  1. 1. a bank account used to save money
  2. 5. a bank account used to write checks for payment;allows for use of a debit card
  3. 6. a document agreement to deposit money into an account for a set amount of time at a set interest rate
  4. 9. a sum of money increasing over time
  5. 11. interest calculated on the principal loan plus all accrued interest
Down
  1. 1. interest calculated on the principal loan, or amount borrowed
  2. 2. the amount of money currently in an account
  3. 3. a bank account that earns interest
  4. 4. extra money paid to the bank for money borrowed
  5. 7. rate the percentage rate set by a bank to determine interest paid
  6. 8. an amount of money borrowed from a bank
  7. 10. withdrawing more money from an account than it holds