13.1 Compound Interest Simple interest – interest is paid only on the principal Compound interest – interest is paid on both principal and interest, compounded.
Savings Accounts Section 3.3. What is a savings account? An account in which the bank pays interest for the use of money deposited. Bank then uses that.
Banks, the Fed & Popular Types of Investments. What is a BANK? What is a NATIONAL BANK ? A BANK is an institution for receiving, keeping, and lending.
Taking Time Into Account and Making Investment Decisions.
