simple intrest

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25000 at 7% compounded semi anually for 10 years.

  • simple intrest -

    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 -

    That by the way is NOT simple interest. It is compound interest.

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