I won it when I won first-place in an environmental essay contest. Should I wait until the value increases, do I wait until my second or third or fourth year in college to use it???
2006-06-17 12:31:09 · 2 answers · asked by Nrassm 3 in Business & Finance ➔ Personal Finance
The Patriot Bonds are just like regular bonds. Your can turn them in any time after one year from the issue date. BUT the can collect interest for up to 30 years, Also, if it is a EE Patriot bonds (and I think they all are) it takes roughly 15 - 17 years to reach face value (if it says that it is a $200 then they only paid $100 for it and it will take 15 - 17 years to reach 200)
2006-06-17 13:01:52 · answer #1 · answered by hedwigreallyrules 2 · 0⤊ 0⤋
i comprehend that in case you redeem the bond earlier 5 years of the acquisition date listed on the bond you will could desire to stand a three-month interest penalty, which basically ability they're going to take the previous 3 months of interest. the only different subject could desire to be that the bond has additionally in all hazard no longer reached face fee because of the fact it is barely sure to be triumphant in face fee 17 years from the preliminary purchase date. hyperlink follows decrease than:
2016-12-08 10:04:23 · answer #2 · answered by Anonymous · 0⤊ 0⤋