GVT Savings Bonds- Questions for the Money Wise/ Math Inclined
Mamas & Papas- I remember that my folks put our b-day money and other occassional cash gifts into government bonds which doubled in face value after a maturation ...
ANSWERS
See all- If you can find $50 that will double to $100 in 10 years risk free - take it! :) It's over a 7% return a year... The way you calculate is 100-50=50. 50/50=1.0 (100...
- http://www.treasurydirect.gov/news/pressroom/currenteebondratespr.htm
- There's an easy trick called "The Rule of 72" for figuring out doubling periods and interest. Simply put, the interest rate and the time it takes to double your money...