1
Q
Net worth
A
The difference between assets and liabilities
2
Q
Future value
A
A value of an investment or asset on a specific date in the future
3
Q
Assets
A
item owed by individual with the potential to generate economic value
4
Q
Liabilities
A
Something a person or company owes
5
Q
Interest rates
A
The amount the lender charges a borrower and is percentage of the principal - the amount loaned
6
Q
Mortgage
A
A loan used to purchase of maintain a home, land or any type of real estate
7
Q
Social Security tax
A
What is deducted from each paycheck
ANT 100 Midterm review
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