Find the amount to which semi-annual deposits of $200.00 will grow in five years at 9.0% p.a. compounded semi-annually.
PMT = 200; I/; P/; %/2 = 0.045;
N = 5(2) = 10;
Fvn = PMT[1 + i)n - 1 / I]
FV = 200[1 + 0.045)10 - 1 / 0.045]
= 200[1.552969 - 1 / 0.045]
= 200(12.2882)
= $2457.64