Cryptocurrency Q&A
Do savings bonds double every 7 years?
Do savings bonds double every 7 years?
Dario
Sun Oct 27 2024
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7 answers
1196
I heard that savings bonds can be a good investment, and someone told me that they double in value every 7 years. I want to know if this is true or just a rumor.
7 answers
CherryBlossom
Tue Oct 29 2024
Specifically, with this rate, your initial investment would double every seven years.
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JejuJoyful
Tue Oct 29 2024
With this rate, investors can expect to double their money in roughly 12 years.
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Maria
Tue Oct 29 2024
This calculation is derived by dividing 72 by the annual return rate, which in this case is 10%.
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KpopHarmonySoulMate
Tue Oct 29 2024
For investors seeking a more conservative approach, bonds offer a viable option.
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charlotte_wright_coder
Tue Oct 29 2024
Over the same period, bonds have averaged a return of approximately 5% to 6%.
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