$1$

Refer back to the Series EE savings bonds we discussed at the very beginning

of the chapter.

a$.$ Assuming you purchased a $$50$ face value bond, what is the exact rate of

return you would earn if you held the bond for $20$ years until it doubled in

value?

b$.$ If you purchased a $$50$ face value bond in $2019$ at the then current interest

rate of $\mathrm{.}10$ percent per year, how much would the bond be worth in $2029?$

c$.$ In $2029,$ instead of cashing the bond in for its then current value, you decide

to hold the bond untal it doubles in face value in $2039.$ What rate of return will

you earn over the last $10$ years?

$4$ Input area:

$5$

$6$ a$.$ Original value

Number of years