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However, as the bond moves closer and closer to maturity the total amount of interest that the bond will pay during its remaining lifetime is also moving closer and closer to zero.
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Bonds allow the borrower to only pay the interest while having the use of the entire amount of the loan until the bond matures in 20 or 30 years (when the entire amount must be returned at maturity).
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Holmes was described as taking "an active role in his education, and brings a great amount of intellectual and emotional maturity into the classroom, " according to a letter of reference that appeared to be from one of his former professors.
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The short maturity of the debt is as challenging as the amount.
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If you purchase a considerably lower amount of risk Treasury and hold it for 10 years until maturity, you are locking into a 2% annualized return that is not protected against inflation.
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