2. Under what circumstances should taxpayers itemizedeductions? Explain.3. Write the difference between debit cards and credit cards.4. Describe the difference between simple and compound interest.5. Define the terms: mortgage and down payment?6. In what circumstance we use formula A = Pert to calculate the%3Dfuture value from compound interest?

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2. Under what circumstances should taxpayers itemize deductions? Explain.

Economics Today and Tomorrow, Student Edition

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Chapter6: Saving And Investing

Section6.1: Why Save?

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2. Under what circumstances should taxpayers itemize
deductions? Explain.
3. Write the difference between debit cards and credit cards.
4. Describe the difference between simple and compound interest.
5. Define the terms: mortgage and down payment?
6. In what circumstance we use formula A = Pert to calculate the
%3D
future value from compound interest?

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