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Hi All--

I have been searching the site all afternoon for an answer to my question--hopefully someone here can help.

I have a EE/E series bond which was bought in 10/1987 in the $50 denomination. This month it received its lastest accrural and has reached face value ($55.22 to be exact--according to my savings bond wizard program). It has a YTD of 5.74% and its final maturity is in 10/2017. My question involves how much it will be worth in 2017. I used the compounding interest equation:

Future Value = $25*(1+0.0574)^30

FV = $133.39

Does this equation take into account the interest added to the original amount invested every six months? For some reason, I thought you had to account for the biannual accrurals. Am I trying to make this too complicated? It just seems like with a YTD of 5.74% there would be more than $108.39 in interest in 30 years.

wondering how I ever passed math
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