I have a $100 EE savings bond and it has been 30 years since I purchased it. I want to know how much this bond is worth now after such a long time.
6 answers
Sofia
Sat Dec 07 2024
Determining the value of a savings bond after 30 years involves several factors.
ShintoBlessing
Sat Dec 07 2024
The primary factor is the interest rate associated with the bond when it was issued.
EmmaWatson
Fri Dec 06 2024
The interest rate significantly impacts how much the bond will grow over time.
Martina
Fri Dec 06 2024
Compound interest plays a crucial role in calculating the bond's worth after 30 years.
CryptoEnthusiast
Fri Dec 06 2024
Compound interest refers to the addition of interest to the principal sum of a loan or deposit, so that the added interest also earns interest from then on.