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

25000 at 7% compounded semi anually for 10 years.

- simple intrest -
**Damon**, Thursday, November 22, 2012 at 8:21pm
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

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

## Answer this Question

## Related Questions

- Intrest? - 1. Find the total amout if you deposit $600 at a rate of 5% for 2 ...
- Math - value of $25000.00 compounded semi annually at 7% for 5 years
- Math - Calculate the present value for $1400 needed in 4 years, invested at 4.2...
- Math - Calculate the present value for $1400 needed in 4 years, invested at 4.2...
- Please help! - If your bank paid simple intrest Of 4.25% compounded annually ...
- Plz Hel, word problem:) - I have tried hard to solve, but I'm stuck.... Let’s ...
- Math - Find the amount in an account if $2000 is invested at 6.125%, compounded ...
- Math - Plz help me to solve this Find the time in which an amount of rs.6250 ...
- math - what rate of annual simple interest is equivalent to 9% per annum ...
- math - You invest 3400 into account earning simple intrest. The balance is 4624 ...

More Related Questions