SOLUTION: What is the future value of a semi-annual payments of 8,000 pesos for 12 years with interest rate of 12% compounded semi-annually?

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Question 1188224: What is the future value of a semi-annual payments of 8,000 pesos for 12 years with interest rate of 12% compounded semi-annually?
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Answer by Theo(13270) (Show Source):
You can put this solution on YOUR website!
using the financial calculator at https://arachnoid.com/finance/index.html, i get the following:

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

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