Across
- 5. a fixed amount set aside on a regular basis over time
- 7. interest computed on principal once in a certain period of time
- 8. the capability to withdraw money at any time without penalty
- 9. a type of savings account that earns the market rate of interest on the money deposited certificate of deposit, a time deposit that pays a fixed rate of interest for a specified length of time
Down
- 1. sum of money set aside on which interest is paid
- 2. a bond issued by the federal government that pays a guaranteed minimum rate of interest
- 3. a demand deposit account designed for the accumulation of money in a safe place for the future
- 4. interest earned on both principal and previously earned interest
- 6. a quick formula for computing how long it will take to double money invested at a given interest rate