Across
- 3. The initial amount of money borrowed or invested
- 4. Each number in a sequence.
- 6. Linear ________: A type of arithmetic sequence where the common different (d) is greater than 0 and the terms are increasing.
- 8. _____ cost depreciation: An asset loses value at a constant amount after each use.
- 11. _____ interest Investment: A type of investment where the interest earned is calculated as a percentage of the principal, meaning that the investment increases by the same amount each period.
- 13. A list of terms, connected by a rule/pattern.
- 14. A business or person who lends money (eg the bank)
- 15. An item, usually of value, (eg car, painting, home, machine).
Down
- 1. Linear _______: A type of arithmetic sequence where the common different (d) is less than 0 and the terms are decreasing.
- 2. A financial plan in which a person deposits money into a financial institution (eg stocks, shares, bank). The person makes a profit from the interest generated.
- 5. A fixed amount by which a sequence increases or decreases. Any term minus the pervious term.
- 7. Interest is calculated as a percentage of the principal, meaning that the investment or loan increases/decreases by the same amount each period.
- 9. The value of an account decreases. An asset loses value.
- 10. A fee charged by the lender as a cost for borrowing money.
- 12. A financial plan in which a lender will give money, with the agreement it is paid back, including interest.