Question 1188224
using the financial calculator at <a href = "https://arachnoid.com/finance/index.html" target = "_blank">https://arachnoid.com/finance/index.html</a>, i get the following:


<img src = "http://theo.x10hosting.com/2021/112901.jpg" >


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