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

What amount must you invest today a 5% interest rate compounded Semiannually so that you can withdraw $500 at the beginning of every six months for the next 5 years?


Financial calculator solution.

Inputs:
N =5 * 2 .
I = 5 / 2 .
PMT = 500 .
FV= 0 .
 Change your calculator to BEGIN mode.
 

Output: PV = ?