Alexis purchased a U.S. Series EE savings bond for $450, and ten years later received $1,167.32...

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Alexis purchased a U.S. Series EE savings bond for $450, and ten years later received $1,167.32...

Alexis purchased a U.S. Series EE savings bond for $450, and ten years later received $1,167.32 when the bond was redeemed. What average annual return on investment did Alexis earn over the ten years?

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Answer 1

Answer #1

Average return on investment = 15.94% or 16% depending on round off.

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Initial investment	$ 450.00
Net return (1167.32-450)	$ 717.32
Rate of return (717.32/450)	159.40%
Number of years	10
Average annual return (159.40/10)	15.94%

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Answer 2

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Alexis purchased a U.S. Series EE savings bond for $450, and ten years later received $1,167.32...

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Alexis purchased a U.S. Series EE savings bond for $450, and ten years later received $1,167.32...

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Alexis purchased a U.S. Series EE savings bond for $450, and ten years later received $1,167.32...

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Add Answer to: Alexis purchased a U.S. Series EE savings bond for $450, and ten years later received $1,167.32...

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Alexis purchased a U.S. Series EE savings bond for $450, and ten years later received $1,167.32...