Financial Alg Exam A

Question or Hint Answer or Word

principal the amount of money deposited or borrowed
credit card a card that allows an individual to pay for merchandise by borrowing against a line of credit
debit card an ATM card that can be used to deposit or withdraw money as well as to make purchases for which the amount is immediately deducted from an account
compound interest interest calculated at regular intervals
simple interest interest calculated once throughout the life of a loan or deposit