How much did an old $14,800 EE savings bond cost when you initially purchased it? Assuming the bond earned 2.86 percent annually, approximately how long did it take for the bond to reach its stated face value? *** When you initially purchase it, the EE saving bond did cost $ (Round to the nearest dollar.) Assuming the bond earned 2.86 percent annually, the length of time it took for the bond to reach its stated face value was years. (Round to one decimal place.)
How much did an old $14,800 EE savings bond cost when you initially purchased it? Assuming the bond earned 2.86 percent annually, approximately how long did it take for the bond to reach its stated face value? *** When you initially purchase it, the EE saving bond did cost $ (Round to the nearest dollar.) Assuming the bond earned 2.86 percent annually, the length of time it took for the bond to reach its stated face value was years. (Round to one decimal place.)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:How much did an old $14,800 EE savings bond cost when you initially purchased it? Assuming the bond earned 2.86 percent
annually, approximately how long did it take for the bond to reach its stated face value?
***
When you initially purchase it, the EE saving bond did cost $
(Round to the nearest dollar.)
Assuming the bond earned 2.86 percent annually, the length of time it took for the bond to reach its stated face value was
years. (Round to one decimal place.)
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