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Question

*Annuity* Find the future value of an ordinary annuity of $\$ 800$ paid at the end of every $6$-month period for $10$ years, if it earns interest at $12 \%$ compounded semiannually.

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Answered 1 year ago

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1 of 3To determine the future value of an ordinary annuity of $\$800$ paid at the end of every $6$-month period for $10$ years if it earns interest at $12\%$ compounded semiannually we will use this equation below.

$S=R \bigg[\frac{(1+i)^n-1}{i}\bigg]$

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