Can someone please explain this savings bond calculation? - bond interest calculation
I got a series EE savings bonds in the amount of $ 100.00 in 07/1991. I have two different online calculators to estimate the amount of bonds is my punishment now) (18 years later. This is the response I received from two places:
Series EE
Title: 100
The question of the month: 7
Release Year: 1991
Current value: $ 128.92
Interest expense: $ 78.92
Price: 4.00%
Yield: 5.33%
Next Interest Date: 1/1/2010
Final Maturity Date: 7/1/2021
As the link is worth $ 78.92 in interest, but only worth $ 128.92? It seems that won my $ 100 savings bond only a total of $ 28.92 over 18 years (IMO, it's pathetic). Shall I do not understand the simulator?
Thank you.
Wednesday, December 9, 2009
Bond Interest Calculation Can Someone Please Explain This Savings Bond Calculation?
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2 comments:
Who does not have to be paid on the link $ 50.00. That's the difference.
The banks have official government estimates, please call the 800 # and enter into the situation. Hey 4% was in 1991, nothing new, but it now seems. Wait until the tape if you do not really need $ $
EE Savings Bonds are in paper form half of their face value purchased. So the person who gave you the premium not only 50.00, so that the calculations are correct. 50,00 The purchase price plus interest at a rate of 78.92 for a value of 128.92. Also note that Series EE bonds stop earning interest after 30 years, so you must collect the maturity (unless you count before that)
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