Financial Technology Center - School of Business - Central Connecticut State University
 

What is the future value of a 5-year ordinary annuity

with Semiannual payments of $200, evaluated at a 8 percent interest rate?

 

Financial calculator solution:

Inputs: 

 N =5*2=10

 I = 8/2=4

 PV = 0

 PMT = -200 

 

Output:  FV =$ 2,401.22