Thread: Find the future value of the originally annuity?

R = 7,500 i = 12% interest compounded semiannually for 2 years

semiannually is twice a year, soo 0.12/2= 0.06

soo then FV = 7500(1+0.06)^2= 8427 BUT that answer is not on my multiple choice PLEASE HELP Check my mistake and correct me pleaseee!!!!
i ment to make it ^4 my bad but it still doesnt come out right is there another step after I calculate that?

Are you cheating in an exam? Shame...

if you use .06,

n is no longer 2
n=2*2 = 4

edit:
well then, i suggest you ask the problem again and write it accurately next time. your question is about an annuity, but your formula is just a basic PV/FV problem. you are not giving us all the info