document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1077173>Question 1077173</A>: <I><SPAN STYLE=\"word-break: break-all;\"> What is the present value of annuity of R1500 payable at the end of each 6 months period for 2 years if money is worth 8% compounded semi annualy </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #691798 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=691798\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> money is worth 8% per year compounded semi-annually.\r<BR>\n" );
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document.write( "1500 payment is made at the end of each semi-annual period or 2 years.\r<BR>\n" );
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document.write( "time period is semi-annually.\r<BR>\n" );
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document.write( "interest rate per time period is 8% / 2 = 4%.\r<BR>\n" );
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document.write( "number of time periods is 2 * 2 = 4.\r<BR>\n" );
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document.write( "you can use the following calculator to find the present value of an annuity with end of time period payments.\r<BR>\n" );
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document.write( "<a  rel=nofollow HREF= \"https://arachnoid.com/finance/\" target = \"_blank\">https://arachnoid.com/finance/</a>\r<BR>\n" );
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document.write( "your inputs will look like this:\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" src = \"http://theo.x10hosting.com/2017/041901.jpg\" alt=\"$$$\" </>\r<BR>\n" );
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document.write( "your output will look like this after you click on PV:\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" src = \"http://theo.x10hosting.com/2017/041902.jpg\" alt=\"$$$\" </>\r<BR>\n" );
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document.write( "the manual formula you would use can be found in the following reference:\r<BR>\n" );
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document.write( "<a  rel=nofollow HREF= \"https://www.algebra.com/algebra/homework/Finance/THEO-2016-04-29.lesson#notes\" target = \"_blank\">https://www.algebra.com/algebra/homework/Finance/THEO-2016-04-29.lesson#notes</a>\r<BR>\n" );
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document.write( "the formula you are looking for is titled:\r<BR>\n" );
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document.write( "PRESENT VALUE OF AN ANNUITY WITH END OF TIME PERIOD PAYMENTS \r<BR>\n" );
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document.write( "when you use the formula, you enter 4% as .04.\r<BR>\n" );
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document.write( "make sure you use all the parentheses exactly as shown in the formula.\r<BR>\n" );
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document.write( " </SPAN>\n" );
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