### Using graphing calculator compute compounded semi-annually

##### Reference no: EM1348890

If anyone would be able to answer this I would really appreciate it.

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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