Use the Rule of 72 to determine how long it will take for a $100 Series EE

Question:

Use the Rule of 72 to determine how long it will take for a $100 Series EE savings bond that you received as a wedding gift to mature if the average interest paid over the time you hold the bond is 4.25 percent?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Wiley Pathways Personal Finance Managing Your Money And Building Wealth

ISBN: 978-0470111239

1st Edition

Authors: Vickie L. Bajtelsmit, Linda Rastelli

See More Books

Question Posted: Jun 05, 2024 02:02 AM

See More Questions

The income statement and selected balance sheet information for Direct Products Company for the year ended December 31 are presented below. Income Statement Sales Revenue $ 43,600 Expenses: Cost of...
k ht ences Lansing, Inc. provides the following information for one of its department's operations for June (no new material is added in Department T). WIP inventory-Department T Beginning inventory...
Humans not only bet money when they gamble, but also bet their lives by engaging in unhealthy activities such as smoking, drinking, using drugs, and exceeding the speed limit when driving. Many...
is an acute angle such that tan() =1/3. What is the value of 1010. (sin + cos)? 3.
Consider two developing countries. Country A, though quite poor, uses government resources and international aid to provide public access to quality education. Country B, though also quite poor, is...
Explain briefly what is meant by an accounting system.
Five shareholders together own 35 percent of the outstanding stock of Edmonds Industries. The remaining 65% is divided among several thousand stockholders. There are 400,000 shares ol Edmonds stock...
COMPUTE CASH PROVIDED BY OPERATING ACTIVITIES Kennington Company's condensed income statement for the year ended December 31, 20-2, was as follows: Net sales........$800,000 Cost of goods...
The price of Myrtle's Plumbing Supply Co. is now $81. The company pays no dividends. Ms. Bossard expects the price 3 years from now to be $100 per share. Should she buy Myrtle's Plumbing stock if she...
Which savings account will have a greater APY: one that pays 2 percent interest compounded monthly or one that pays 2 percent interest compounded daily?
Luis, a student at a large public university, opened his checking account at the largest bank in town because it offered free checking to students. He is planning to buy a car and will need a car...
The coefficient of x in the binomial expansion of (2 4x) q , where q is a positive integer, is 32q. Find the value of q.
4. (15pt) A group of students were asked if they have ever driven after drinking. They also were asked, "How many days per month do you drink at least two beers?" In the following discussion, 7 = the...
discuss how might you apply the concepts of Total Quality (TQ) to your personal and work environment. Consider your relations with others and your daily activities interactions with. Share the...
Dr. Bernstein wants to expand his radiology practice. Dr. Bernstein is researching various local banks for the best certificate of deposit rate to fund his expansion. One bank is willing to offer him...
An airplane is flying with a velocity of 240 m/s at an angle of 30.0 with the horizontal, as the drawing shows. When the altitude of the plane is 2.4 km, a flare is released from the plane. The flare...
Katsura Corporation incurred pre - operating costs: Investigatory expenses of $ 1 8 , 0 0 0 New employee training $ 2 5 , 0 0 0 Advertising $ 1 0 , 0 0 0 Land and building for use as a retail store...
The following trial balance was prepared from the ledger accounts of Smith Inc.: The accountant for Smith, Inc., made the following errors during May 2013: 1. The cash purchase of land for $3,000 was...
Suppose the government bond described in problem 1 above is held for five years and then the savings institution acquiring the bond decides to sell it at a price of $940. Can you figure out the...
X Your answer is incorrect. Flounder Consulting Corp. company records revealed the following for the current year: What was the net cash flow from operating activities for the year? $ 0 $ 9 8 0 0...
Assume that interest rate parity holds. The U.S. fiveyear interest rate is 0.08 annualized, and the Mexican fiveyear interest rate is 0.05 annualized. Todays spot rate of the Mexican peso is $0.21....
find the NSP of a whole life insurance.6 with $100,000 Death benefits, for a female aged 105 years, if i=10%? (use Australian life Tables 2005-07) find the NSP of a whole life insurance.6 with...

Use the Rule of 72 to determine how long it will take for a $100 Series EE

Question:

Step by Step Answer:

Wiley Pathways Personal Finance Managing Your Money And Building Wealth

Students also viewed these Business questions