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Exam (elaborations)

Business Math Chapter 3 well illustrated study guide

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BusinesstMathtChaptert3 interestt-tmoneytpaidttotantindividualtortinsƟtuƟontfortthetprivilegetoftusingttheirtmoney transacƟont-tsomethingtthatthasttotbetrecorded,tsuchtastatdeposittortwithdrawal compoundtamountt-tthettotaltmoneytintthetsavingstaccounttattthetendtoftthetlasttinteresttperiod

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Institution
Business Finance
Course
Business finance

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Business Math Chapter 3
t t t




interestt-tmoneytpaidttotantindividualtortins tu ontfortthetprivilegetoftusingttheirtmoney



transac ont-tsomethingtthatthasttotbetrecorded,tsuchtastatdeposittortwithdrawal



compoundtamountt-tthettotaltmoneytintthetsavingstaccounttattthetendtoftthetlasttinteresttperiod



compoundtinterestt-tthetdifferencetbetweentthetoriginaltprincipaltandtthetcompoundtamount



deposittslipt-tfinancialtrecordtusedttotdepositttheirtpaycheckstandtcash



overdrawnt-twhentyoutwritetatchecktfortmoretmoneytthantistintyourtaccount



overdra tprotec ont-
tthetbanktwillttransfertmoneytfromtyourtsavingstaccounttintotyourtcheckingtaccountttotcovertanytchecktyout

havetwri en



ElectronictFundstTransfer,tEFTt-tbanksttransfertdepositstandtcheckstfromtpersonttotpersontandtbankttotbank
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