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July 29, 2014

July 29, 2014

Posted by **shanice** on Thursday, November 22, 2012 at 8:03pm.

- simple intrest -
**Damon**, Thursday, November 22, 2012 at 8:21pm3.5 % 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

- simple intrest -
**Damon**, Thursday, November 22, 2012 at 8:22pmThat by the way is NOT simple interest. It is compound interest.

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