Author Question: If you presently have $6,000 invested at a rate of 15%, how many years will it take for you ... (Read 69 times)

geodog55 · **on:** Apr 25, 2021

Question 1

If a US Saving bond can be purchased for $29.50 and has a maturity value at the end of 25 years of $100, what is the annual rate of return on the bond?
◦ 5 percent
◦ 6 percent
◦ 7 percent
◦ 8 percent
◦ 4 percent

Question 2

If you presently have $6,000 invested at a rate of 15%, how many years will it take for you investment to triple? (Round up to obtain a whole number of years if necessary.)
◦ 2
◦ 4
◦ 6
◦ 8
◦ 10

Ksanderson1296 · **Reply #1 on:** Apr 25, 2021

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