Have a Question: Calculating future value of annuity: PMT are 2100, Term of the Annuity is 10 years normal intrest rate is 9.50% payment and conversion is 6 months. How do i plug this in with tvm worksheet?

Question

Have a Question:  Calculating future value of annuity: PMT are 2100, Term of the Annuity is 10 years normal intrest rate is 9.50% payment and conversion is 6 months. How do i plug this in with tvm worksheet?

perl · Answer

it looks like your interest is being compounded every six months, or semiannually

ray_sihota · Answer

cy py =6 n=60 i/y=9.50% 2100= pmt

ray_sihota · Answer

attachment

ray_sihota · Answer

My I /y is 9.5% my payments are 2100 but  having issue figuring out my cy py should it be 6 months or 2 years