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Choose to Save - FINAL REVIEW - MAGIE

AB
Compound interestEarning interest on interest
ConsumptionThe purchase of goods and services
InterestPrice paid for using someone else’s money
Interest ratePercentage rate used to calculate interest
LiquidityHow quickly and easily assets can be accessed and converted into cash
PrincipalThe original amount of money saved or invested
Time value of moneyMoney available at the present time (today) is worth more than the same amount if received in the future
EXTRAEXTRA


Business Teacher
Wichita High School South

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