If you file for Chapter 7 or 11, it will remain on your credit report for up to 10 years. If you file for Chapter 13, it may stay on your report for up to seven years. A Chapter 11 bankruptcy will stay on the business's credit report, not the individual owner's, unless they file a personal bankruptcy.
Answer:Purchasing power in todayâs dollars = $289,287/1.02536 = $118,924. 4) You plan to save $7,000 each of the next 40 years, and invest that money in an account that pays 9% annual interest. In addition, you plan to pay for your childâs college education beginning in 20 years.
In some cases, the request to cash a bond may have to be sent to a Federal Reserve Bank; your financial institution can help process this request. You can redeem your bonds for their full value, unless you have held them for less than five years. In that case, there is a penalty equaling three months' interest. For example, if you redeemed a Series EE bond that you had held for two years, you would receive interest for 21 months--not 24 months.