| A | B |
|---|
| Interest | the amount earned or owed on a principal amount |
| Rule of 72 | a method of figuring out how long it will take your money to double |
| Budget a plan for how you will spend your money | a plan for how you will spend your money |
| Savings | CD’s, Savings account |
| Interest | a fee someone pays to borrow money |
| Principal | sum of money you put into an account or the amount of money minus the interest you owe on a dept. |
| Interest rate | the percentage you make or pay on the principal amount. |
| Compound interest | interest that generates not only from the money you put into an account, but also from the interest you make on that money. |
| Simple interest | interest that generates from the principal amount or remaining balance of the loan. |
