Across
- 2. annuity depositing an equal sum of money at the end of each year for a certain number of years and allowing it to grow
- 3. a series of equal dollar payments made for a specified number of years
- 5. loan a loan that is paid off in equal periodic payments
- 6. percentage rate the interest rate that indicates the amount of interest paid or earned in one year without compounding
Down
- 1. an annuity with an infinite life
- 4. or stated interest rate the interest rate that the lender or credit card company states you are paying