Financial Algebra Vocab FALL Study Guide
Flashcard
•
Mathematics
•
12th Grade
•
Practice Problem
•
Hard
+6
Standards-aligned
Wayground Content
FREE Resource
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15 questions
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1.
FLASHCARD QUESTION
Front
Satisfactory Academic Progress
Back
A set of standards that students must meet to remain eligible for financial aid, typically involving maintaining a minimum GPA and completing a certain percentage of attempted courses.
Tags
CCSS.HSF.BF.A.2
2.
FLASHCARD QUESTION
Front
I = prt
Back
The formula used to calculate simple interest, where I is the interest earned, p is the principal amount (the initial amount of money), r is the rate of interest per time period, and t is the time the money is invested or borrowed.
Tags
CCSS.6.EE.B.7
3.
FLASHCARD QUESTION
Front
Philanthropy
Back
The act of giving money, time, or resources to help others, often through charitable donations or volunteer work.
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
4.
FLASHCARD QUESTION
Front
Gross Pay
Back
The total amount of money earned by an employee before any deductions such as taxes, insurance, or retirement contributions.
Tags
CCSS.6.EE.B.6
5.
FLASHCARD QUESTION
Front
Unsubsidized Loan
Back
A type of student loan that accrues interest from the time it is disbursed, and the borrower is responsible for paying the interest, regardless of their enrollment status.
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
6.
FLASHCARD QUESTION
Front
Compound Interest
Back
Interest calculated on the initial principal and also on the accumulated interest from previous periods, leading to exponential growth of the investment.
7.
FLASHCARD QUESTION
Front
FAFSA
Back
The Free Application for Federal Student Aid, a form used to apply for financial aid for college, including grants, loans, and work-study.
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