Question: Why here c/y and p/y is = 1 as its semi annually? View an Example BA II PLUS Solution Process - X What is the

Why here c/y and p/y is = 1 as its semi

Why here c/y and p/y is = 1 as its semi annually?

View an Example BA II PLUS Solution Process - X What is the effective annual rate of interest if $800.00 grows to $1400.00 in four years compounded semi-annually? The solution process, using the BA II PLUS financial calculator and rounding the answer to four decimal places, is given below. The problem can be solved either by using the formula or using a calculator. To view the BA II PLUS calculator-based solution, click the icon below. To view the formula-based solution, click Continue. Click the icon to view the calculator-based solution. The effective annual rate of interest if $800.00 grows to $1400.00 in four years: ("END" mode) Set P/Y = 1; C/Y = 1 CLR TVM 2ND FV 4 800.00 +- PV 1400.00 FV CPT 1/Y Ans: 15.0163 Press Continue to see more. 9 parts remaining Continue Close Print Done

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