Junior Cert Saving and Investing

Can you name the Junior Cert Saving and Investing Key Terms?

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HintAnswer
Not spending all your money and putting it in a bank
Buying shares in a business, for example
Your money protected by the Central Bank
D part of DIRT
I part of DIRT
R part of DIRT
T part of DIRT
Interest calculated as a percentage of amount invested
Interest calculated as a percentage of original investment and any interest up to date
The true rate of interest on savings, (AER)
HintAnswer
Selling on shares as its value rises
Payment on the profit made by a business
Another name for the housing market as an investment
Getting a lump sum from an insurance company if you live past a certain date
Ray Kroc invested in this fast food chain in 1961
Alice has earned €50 in savings from the bank. Leah must however pay 35% Dirt. How much in euro will Alice have to pay in DIRT? Use €
Once DIRT has been taken away, how much is left in Alice's account? Use €
Paul is shopping around looking for the best interest rate and comes across Bank of Irelands figures. They are offering €6 on every €300 saved. What is the AER Rate? Use %
Rita decides to save €200 a year earning 5% simple interest. What will the balance of the interest be after 4 years? Use €
If Rita chooses Compound Interest, what will the interest be after two years? Use €
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Last Updated: Oct 6, 2020

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