Find the future value of the following ordinary annuity (show calculator inputs): $600 every six months...

Question

Question

Find the future value of the following ordinary annuity (show calculator inputs):
$600 every six months for 10 years at 12% compounded semi- annually

Answer 1

Answer #1

Future value = pmtx ((1+r)^n-1))/ future value = fv = $22,071.35 [ 600*(((1.06120)-1)/0.06)]

Answer 2

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