Answer to Question #271421 in Financial Math for Lira

Question #271421

Find the value of the amountPhp 10,000 payable at the end of each 6 months for 5 years if money is invested at 8% compounded semiannually

Expert's answer

The future value of the annuity due is:

"FV = 10,000\u00d7\\frac{((1+0.08\/2)^{10}- 1)\u00d7(1+0.08\/2)}{0.08\/2} = 124,863.51."

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