1. Are city, school bonds tax exempt? For example, would the following interest revenue be tax exempt: City of Boise School Bond?
2. According to comic book writer Don Rosa, Scrooge McDuck was born around 1870 and in 1877 earned his first dime. McDuck was a moneyhound and loved to save. Assuming an aggressive 12% interest rate, how much would old Scrooge McDuck have from that dime today?
3. For your retirement, you have $400,000 invested into an account at a 6% annual interest rate. How long will you receive yearly payments of $30,000?