Sam deposits $500 at the end of every 6 months in an account that pays 8%, compounded

Question:

Sam deposits $500 at the end of every 6 months in an account that pays 8%, compounded semiannually.
How much will he have at the end of 8 years?
(a) State whether the problem relates to an ordinary or an due, and then
(b) Solve the problem.
Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...