Superannuation - money put aside by your employer/s over your working life for you to live on when you retire from work retire from , 12% - The amount of your wage that an employer must pay in super, Shares - a portion of ownership or ‘equity’ in a company, Appreciate - an increase in value over time​, Depreciate - a decrease in value over time, Investment - asset bought with the aim of producing an income and/or increasing in value over time, insurance - coverage that people buy to protect themselves from losing money in the event of loss or damage, Excess - the amount of money you will need to pay to make an insurance claim, Simple interest - you only earn interest on the principle (your initial deposit), Compound interest - you earn interest on the principle plus any accumulated interest,

Year 9 Financial Literacy

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