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OpenStudy (ray_sihota):
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?
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OpenStudy (perl):
it looks like your interest is being compounded every six months, or semiannually
OpenStudy (ray_sihota):
cy py =6 n=60 i/y=9.50% 2100= pmt
OpenStudy (ray_sihota):
OpenStudy (ray_sihota):
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
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