Thursday

March 5, 2015

March 5, 2015

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.

**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 ...