3 ms·
more like 3.6% with compounding interest…
by nopzor 4y ago
more like 3.6% with compounding interest…
- Thorrez 4y agoI get 3.53% >>> 2**(1/20.) 1.0352649238413776
- nopzor 4y agoi didn’t calculate it, i just did the rule of 72 in my head :-)
- chii 4y agowell, the EE bonds aren't compounded (or they compound with an interval of 20 years). That's why i used simple interest rather than compound, so as to make the calculations easier too.
- hackerfromthefu 4y agoThis is misleading because everything you compare it to does compound. When people talk about an interest rate, a growth rate, an inflation rate .. everything compounds. If you're saying 5% of some special non compounding thing thats misleading to people without financial literacy to compare to every other rate they read. So it's more correct to say 3.53%.