3 ms·
That's only if you were able to reinvest the interest. In reality if you have a 2% yielding bond taken out in year zero you'd have $40.30 of accrued interest p
by Marazan 11y ago
That's only if you were able to reinvest the interest.
In reality if you have a 2% yielding bond taken out in year zero you'd have $40.30 of accrued interest plus the $1 principal of the bond.
- koliber 11y agoYou are correct. While I did not mention it, I arrived at this figure by compounding annually.