Question

At the beginning of each year, Bill Ross invests $1,400 semi-annually at 8 percent for 9 years. The cash value of the annuity due at the end of the ninth year is:

Answer 1

Do you know which formula to apply?

Answer 2

I see the formula but trying to understand exactly how to apply it

Answer 3

Post it here, pls :)

Answer 4

ok one sec

Answer 5

Anyway, since compound twice yearly:
Annuity due = 1,400 ( 1 + .04 )^18 / .04