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.
Mistake to Avoid: Holding US Savings Bonds After Interest Has Stopped Accruing. United States Savings Bonds have been one of the most popular ways for Americans to save for more than 75 years. As a result of purchases or gifts, more than 55 million people currently own approximately $180 billion in savings bonds. But some savings bonds have quit earning interest. Savings bonds earn interest for different lengths of time, depending on the series and when the bond was issued. It is important to check any savings bonds you have to make sure they are still earning interest.