| A | B |
|---|
| APR (Annual Percentage Rate) | The yearly equivalent of a rate of interest when the rate is usually quoted monthly. This applies to mortgages, loans and credit cards. |
| Compound Interest | Interest that continues to accumulate on both principal and interest causing money in an account to grow at a more rapid rate. |
| Interest | The earnings received on a balance of an account. Formula= Principal*Rate*Time |
| Interest rates | The amount an account charges for money borrowed, usually shown as a percentage. |
| Principal | The face value or starting balance of money. This term is normally associated when computing interest. |
| Buying Power | Having the ability and the means to purchase an item. |
| Rule of 72 | Is a simple way to determine how long an investment will take to double given a fixed annual rate of interest. By dividing 72 by the annual rate of return. |
| Time Value of Money | The principle that the purchasing power of money can vary over time. |
| Inflation | The increase in general price levels for goods and services. |
| Supply Chain | The activities required by an organization to deliver goods or services to the consumer. |
| Labor or human resources | The physical and mental effort used to produce goods and services. |
| Resources | Is anything that people can use to make or obtain what they need or want. |
| e-Commerce | Buying, selling or exchanging products, services or information via the internet. |
| Cyber Monday | he Monday following Thanksgiving, promoted by online retailers as a day for exceptional bargains. "these deals are only good on Cyber Monday so you have to act fast." |
