Posted by shanice on Thursday, November 22, 2012 at 8:03pm.
3.5 % twice a year, 20 periods
1.035^20 = 1.9898
1.9898*25000 = $ 49,744.72
rough check is 7% for ten years compounded is about double your money
That by the way is NOT simple interest. It is compound interest.
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