You are a financial adviser. Your client is thinking of

Last updated: 7/17/2022

You are a financial adviser. Your client is thinking of investing $800.00 at the end of every six months for the next 10 years with the invested funds earning 6.5% compounded semi-annually. Your client wants to know how much money she will have after 10 years. What do you tell your client? a. Determine the annuity type. Ordinary Simple Annuity Ordinary General Annuity Simple Annuity Due General Annuity Due b. Identify the following pieces of information to be used to calculate the future value of the annuity. Periodic Payment: PMT= Number of Payments per Year: PY = Total Number of Payments: N = Annual Interest Rate: r = Number of Compoundings per Year: C'Y = c. Your client will have after 10 years.