A key difference between saving and investing is
Compounding

Flashcard
•
Life Skills
•
11th - 12th Grade
•
Hard
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14 questions
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1.
FLASHCARD QUESTION
Front
Back
Saving is for emergencies & goals, investing is for long-term wealth
2.
FLASHCARD QUESTION
Front
Why is compound interest more advantageous than simple interest?
Back
In compound interest, you earn interest on not only your principal, but also on the interest you’ve already made.
3.
FLASHCARD QUESTION
Front
How often does semiannual compounding occur?
Back
Twice a year
4.
FLASHCARD QUESTION
Front
When an account compounds quarterly, how often does interest get applied?
Back
Every 3 months
5.
FLASHCARD QUESTION
Front
Making choices between saving and investing depends on these two factors: Your time horizon and when you will need access to the money
Back
Your time horizon and when you will need access to the money
6.
FLASHCARD QUESTION
Front
Why is it important to start investing as soon as possible?
Back
You have more time for your money to compound
7.
FLASHCARD QUESTION
Front
The Rule of 72 is used to find how long it will take for
Back
investments to double
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