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Tvm with Bonds

In: Business and Management

Submitted By toby18
Words 555
Pages 3
Michael Sherman
Ph1 IP TVM with Bonds
FINC390-1240B-07
Colorado Technical University Online
Professor Angela Garrett
26 November 2012

Calculator Results for Redemption Date 11/2012 Total Price | Total Value | Total Interest | YTD Interest | $16,665.00 | $117,957.76 | $101,292.76 | $998.92 |

Bonds: 1-16 of 16 Serial # | Series | Denom | Issue Date | Next Accrual | Final Maturity | Issue Price | Interest | Interest Rate | Value | Note | NA | EE | $50 | 11/1990 | 05/2013 | 11/2020 | $25.00 | $50.52 | 4.00% | $75.52 | | NA | EE | $100 | 11/1990 | 05/2013 | 11/2020 | $50.00 | $101.04 | 4.00% | $151.04 | | NA | EE | $500 | 11/1990 | 05/2013 | 11/2020 | $250.00 | $505.20 | 4.00% | $755.20 | | NA | EE | $5,000 | 11/1990 | 05/2013 | 11/2020 | $2,500.00 | $5,052.00 | 4.00% | $7,552.00 | | NA | SN | $25 | 11/1967 | | 11/1997 | $20.25 | $135.27 | | $155.52 | MA | NA | SN | $50 | 11/1967 | | 11/1997 | $40.50 | $270.54 | | $311.04 | MA | NA | SN | $75 | 11/1967 | | 11/1997 | $60.75 | $405.81 | | $466.56 | MA | NA | SN | $100 | 11/1967 | | 11/1997 | $81.00 | $541.08 | | $622.08 | MA | NA | E | $50 | 11/1963 | | 11/2003 | $37.50 | $408.84 | | $446.34 | MA | NA | E | $100 | 11/1963 | | 11/2003 | $75.00 | $817.68 | | $892.68 | MA | NA | E | $500 | 11/1963 | | 11/2003 | $375.00 | $4,088.40 | | $4,463.40 | MA | NA | E | $10,000 | 11/1963 | | 11/2003 | $7,500.00 | $81,768.00 | | $89,268.00 | MA | NA | I | $50 | 11/1998 | 12/2012 | 11/2028 | $50.00 | $63.26 | 5.09% | $113.26 | | NA | I | $100 | 11/1998 | 12/2012 | 11/2028 | $100.00 | $126.52 | 5.09% | $226.52 | | NA | I | $500 | 11/1998 | 12/2012 | 11/2028 | $500.00 | $632.60 | 5.09% | $1,132.60 | | NA | I | $5,000 | 11/1998 | 12/2012 | 11/2028 | $5,000.00 | $6,326.00 | 5.09% | $11,326.00 | | Totals for 16 Bonds | $16,665.00 | $101,292.76 | | $117,957.76 | |

Notes | NI | Not Issued | NE | Not eligible for payment | P5 | Includes 3 month interest penalty | MA | Matured and not earning interest |

EE Bonds- are reliable, low-risk government-backed savings products that you can use toward financing education, supplemental retirement income, birthday and graduation gifts, and other special events (EE/E Bonds, 2012).
I Bonds- are a low-risk, liquid savings product. While you own them they earn interest and protect you from inflation. I Bonds are sold at face value; can be purchased in amounts of $25 to the penny; $10,000 maximum purchase in one calendar year. If you redeem I Bonds within the first 5 years, you'll forfeit the 3 most recent months' interest; after 5 years, you won't be penalized (I Bonds, 2012).
Savings Note- Savings notes are accrual-type, United States savings securities issued in conjunction with Series E bonds from May 1967 through October 1970. These notes are also called "Freedom Shares." They had an original maturity period of 4 years and 6 months and have a total interest-earning life span of 30 years. Like savings bonds, they are nontransferable. They were purchased on a discount basis at 81 percent of face value in denominations of $25, $50, $75, and $100 (Saving Notes, 2012).

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