Lupe the dog is depositing $14,000 into her savings account and will not withdraw any of it for at least 2 years. Her savings account has an interest rate of 6%. How much INTEREST will she have collected in 2 years?

To exchange money for something you want or need

Mr. Dowson is borrowing $8000 from Ms. Daley to buy band tee shirts. Ms. Daley is charging him 2% interest over a 2 year term. What will Mr. Dowson pay in INTEREST?

The money spent on something.

A type of card you can use to pay for things by borrowing money from the bank and paying it back later.

Putting your money into an ATM/ your bank account.

offers easy access to your money for your daily transactional needs and helps keep your cash secure

Mme. Talbot is depositing $11,000 into her savings account and will not withdraw any of it for at least 3 years. Her savings account has an interest rate of 4%. what is the TOTAL AMOUNT of money she will have in her account in 3 years?

When you owe money to a company or institution, you an in ____________

Money you receive for working

a book of blank checks with a register for recording checks written.

the management of money

Ms. Daley is taking out a $55,000 loan to buy Croc charms. Her loan has a yearly interest rate of 6% over a 3 year term. How much INTEREST will she pay?