Know what it is? A bond. Cool, no? My Aunt and Uncle gave it to me just before my 1st birthday. It matured 12 months later to the tune of $25. Of course, it kept accumulating interest, stopping at the 30 year mark. I took it into the bank last week and cashed it. Can anyone guess the compound interest on a $25 bond over 30 years? I walked away with $134.75.
What a great present!!! Thanks Alaska!
3 comments:
Adjusting for CPI, you made a bit under $34 for your 30 year investment. :(
Dan, three words. "Gift" "horse" "mouth".
I was thrilled. We bought new camping clothes for all the family members and a few treats to boot. Who can argue with that?!
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