Everybody knows that Frank Myers' bond, purchased in 1861 at 8.5% annual compound interest, would have been worth $349,119.27 in 1961 . . . . what would such a bond be worth in 2015? - $28,587,730.57.>>>>>
Now, if he redeemed it before April 15 of 2015 and took the entire amount, he would only net $15,540,290.33 including an additional flat 10% penalty for not taking it before age 70-1/2. Luckily it was in Confederate dollars which means the government would get it's portion in Confederate dollars! Hmmmm......sounds like my paycheck even now. :-(
Ron **Barn McLendon _______________________________________________ WBMUTBB mailing list [email protected] http://www.mayberry.com/tagsrwc/wbmutbb/
