SOLUTION: What is the future value of a semi-annual payments of 8,000 pesos for 12 years with interest rate of 12% compounded semi-annually?
Algebra.Com
Question 1188224: What is the future value of a semi-annual payments of 8,000 pesos for 12 years with interest rate of 12% compounded semi-annually?
Answer by Theo(13342) (Show Source): You can put this solution on YOUR website!
using the financial calculator at https://arachnoid.com/finance/index.html, i get the following:
inputs are everything except fv.
output is fv.
the results indicate that the future value is $406,524.62 at the end of the 12 year investment period.
inputs are:
pv = 0
fv = 0
np = 12 years * 2 semi-annual time periods per year = 24 semi-annual time periods.
pmt = 8000 at the end of each semi-annual period (entered as negative because it is money going out).
ir = 12% per year / 2 semi-annual time periods per yeqar = 6% per semi-annual time period.
payments are made at the end of each semi-annual time period.
let me know if you have any questions.
theo
RELATED QUESTIONS
What is the present value of an ordinary annuity having semi-annual payments of 8, 000... (answered by CPhill,ikleyn)
What is the present value of an ordinary annuity having semi-annual payments of 8,000... (answered by CPhill,ikleyn)
Find the present value and the future value of semi-annual payments of 105,000 pesos with (answered by Theo)
A property worth $35 OOO is purchased for 10% down and semi-annual payments of $2100 for... (answered by Theo)
A property worth $35 OOO is purchased for 10% down and semi-annual payments of $2100 for... (answered by Theo,ikleyn)
Gladys borrows 400 000 pesos at an interest rate of 4% per year compounded... (answered by Theo)
What is the present value of 10 semi-annual payments of 2,000 pesos each if the first... (answered by Theo)
What is the future value of an initial investment of $5000 at annual rate of 10% interest (answered by rfer)
Find the present value and future value of quarterly payments of 5,000 pesos for 10 years (answered by Shin123,ikleyn)