If your required rate of return is 8 per year compounded, Ask an Expert

Management Studies

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How would i solve this with my casio (graphing calculator)

You have decided to buy an investment that will make 20 payments of $500 every 6 months with the first payment in 1 year. You are required to pay for this investment in two equal installments. The first installment is due immediately, the second installment in due in 6 months. If your required rate of return is 8% per year compounded semi-annually, how much is each installment?

$3,355.04
$3,397.58
$6,795.17
$6,661.92
$3,330.96

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9224253

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