Question

How much will a ​$41 comma 900 EE savings bond cost when you initially purchase​ it? Assuming the bond earns 2.44 percent​ annually, approximately how long will it take for the bond to reach its stated face​ value?

When you initially purchase​ it, the EE saving bond will cost ​$
nothing.

Answer 1

20 years

Explanation:

The U.S. Treasury Department gives you a guarantee that your EE bonds will reach maturity in 20 years. However, some reach maturity sooner depending on their built-in interest rate. Before you move to cash in your bonds, check the issue date.