The Federal Reserve database in St. Louis (FRED) reports an average annual returns of 3.4% for 3-month Treasury bill for the last century. If your grandparents had invested $100 in one T-bill for you, can you calculate how much money you would have had right now? How much of what you have now is interest? How much of the interest is simple interest and how much is compounded interest?

Answer rating: 100% (QA)

Sure Assuming your grandparents invested 100 in a 3month Treasury bill exactly 100 years a... View the full answer