Posted by
shanice on
.
25000 at 7% compounded semi anually for 10 years.

simple intrest 
Damon,
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,
That by the way is NOT simple interest. It is compound interest.