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Annuity Find the future value of an ordinary annuity of $800\$ 800 paid at the end of every 66-month period for 1010 years, if it earns interest at 12%12 \% compounded semiannually.

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To determine the future value of an ordinary annuity of $800\$800 paid at the end of every 66-month period for 1010 years if it earns interest at 12%12\% compounded semiannually we will use this equation below.

S=R[(1+i)n1i]S=R \bigg[\frac{(1+i)^n-1}{i}\bigg]

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