View
213
Download
0
Category
Preview:
Citation preview
Bell Ringer – 4/30/08
1. In regard to banking, what is “earned interest”?
2. Explain the “Rule of 72”
3. Using the Rule of 72, calculate how long it would take to double a $300 deposit to a savings account with 4% interest.
2 Types of Investments• Income Investment – the investor is paid in
cash for owning the account or investment (ex: Savings Account)
• Growth Investment – person buys and holds an investment with the hope that it will increase in price, over time (ex: stocks, real estate)
AssignmentDescribe the following Income Investments
(info on pgs 35-26)Type of Income
InvestmentDescription Risks
Savings Account
U.S. Savings Bond
Certificate of Deposit
Money Market Deposit Account
Money Market Mutual Funds
Corporate & Government Bonds
Recommended