Across
- 5. the average rate of growth for an investment over time; often expressed as an annual figure
- 7. the initial amount of money invested or borrowed
- 8. interest paid on interest previously earned
- 10. a purchase that requires a significant amount of money
- 11. The ______ foundation is to build wealth and give
- 13. the amount of interest charged on a debt but not yet collected; interest accumulates from the date a loan is issued
- 14. The _____ foundation is to pay cash for college
- 16. concept that an amount of money is worth more today than in the future due to earning potential
- 17. the persistent rise in the cost of goods and services over time
Down
- 1. The _____ foundation is to get out and stay out of debt
- 2. The ____ foundation states that you should save $500
- 3. Stands for "you only live once" and can be an excuse to spend money you do not have.
- 4. a savings account set up specifically to be used to cover financial emergencies
- 6. The ______ foundation is to pay cash for your car
- 9. the percentage of principal charged by the lender for the use of its money
- 12. the measure of an investment’s profit or loss, usually expressed as a percentage of the initial investment
- 15. the top three careers reported among millionaires were accounting, engineering and ______.