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Don Dillon is a 24-year-old graphic designer.He eventually wants to get married,raise a family,and buy a house.He knows that he has to start putting money away so that his goals can someday become a reality.He has heard that investing is risky because you can lose money as well as make money.So Don decides to play it safe and deposit money in a bank on a regular basis.Why might this not be his best strategy?
Fees Earned
Income received from services provided, rather than from the sale of goods.
Normal Balance
The side (debit or credit) where an account increases in accordance with double-entry bookkeeping.
Net Discounted Cash Flow
A financial metric that estimates the value of an investment or project by discounting future cash flows to their present value and subtracting initial costs.
Revenues
The sum total of profits from the sales of key products or services that constitute a corporation's main business.
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