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Math of Finance

Across
Amount of cash on hand
Credit scores are often called ______ scores
The value of a home is ______ (The sale of a home could be used to pay off a home loan.)
Interest that is paid on the initial principal and the accumulated interest
A series of payments over time
Twice a year
The length of a loan
The cost incurred for borrowing money or the amount paid to you for letting the bank use your money.
Annual Percentage Yield
______ Income - Total pay before deductions
Down
Annual Percentage Rate
Ability to replay a loan
_____ Market account is a type of savings account that earns a higher interest rate and usually requires a higher minimum balance
An __________ schedule in the form of a chart that shows how much of a payment goes to interest and how much goes towards paying off the balance of the loan.
Amount borrowed or amount deposited in a savings account
Certificate of ______ is a type of savings account that usually pays higher interest. Money must be left in the account for a specified length of time.
4 times a year
A home loan
A _____ card allows you to make purchases now and pay later, but the interest rates are high!
Interest often charged for loans less than a year