Xavier Owned a Series EE Savings Bond for 4 Years

question 80

Multiple Choice

Xavier owned a Series EE savings bond for 4 years and has decided to cash it tomorrow. The current value of the bond is $3,500, and the annual interest rate is 2.2%. How much interest will Xavier lose as a penalty for cashing in the bond?

• A) $16.40.
• B) $19.25.
• C) $21.30.
• D) $23.75.

---

Definitions:

Revenue Variance

The difference between a company's actual revenue and its expected or budgeted revenue during a specific period.

Spending Variances

Differences between budgeted and actual expenditures in various categories, often analyzed in budgeting to understand financial performance.

Patient-Visits

A metric used in healthcare management to quantify the number of times patients visit a healthcare facility.

Standard Cost

A predetermined cost of manufacturing, selling, and administrative activities, used as a benchmark to measure performance.