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Math of Finance

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