Across
- 1. The length of the loan
- 5. The percentage charges to lend or borrow money
- 8. Interest computed on the principal for the time of the transaction
- 11. The initial amount borrowed for a certain period of time
- 12. 50% of your income should be budgeted towards this
- 13. 30% of your income could be budgeted towards this
- 14. The bank account used for daily transactions
- 16. The maturity _____ is the day in which the loan is paid in full
- 18. How long it takes to repay loan or interest
Down
- 2. The amount paid on the principal; money earned on investment
- 3. Interest charged by the bank to their best customers
- 4. Money that builds on itself
- 6. Things you pay money for: bills, groceries, loan payments
- 7. The length of time until the principal amount of a loan must be paid off
- 8. The bank account where it is most common to earn interest; 20% of your income should be budgeted to here
- 9. Simple interest measured in 360 days
- 10. The principal + interest = maturity ________
- 15. When you make payments on your loans, you build this up
- 17. Automated Teller Machine
- 19. Simple interest measured in 365 days