You are a financial adviser. Your client is thinking of investing $1,200.00 at the end of...

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You are a financial adviser. Your client is thinking of investing $1,200.00 at the end of every six months for the next 9 years with the invested funds earning 6.4% compounded semi- annually. Your client wants to know how much money she will have after 9 years. What do you tell your client? a. Determine the annuity type. Ordinary Simple Annuity Ordinary General Annuity Simple Annuity Due O General Annuity Due b. Identify the following pieces of information to be used to calculate the future value of the annuity. Periodic Payment: PMT Number of Payments per Year: PY = Total Number of Payments: N = Annual Interest Rate: r = Number of Compoundings per Year: CY= 13 c. Your client will have after 9 years. Note: You can earn partial credit on this problem. Preview My Answers Submit Answers You are a financial adviser. Your client is thinking of investing $1,200.00 at the end of every six months for the next 9 years with the invested funds earning 6.4% compounded semi- annually. Your client wants to know how much money she will have after 9 years. What do you tell your client? a. Determine the annuity type. Ordinary Simple Annuity Ordinary General Annuity Simple Annuity Due O General Annuity Due b. Identify the following pieces of information to be used to calculate the future value of the annuity. Periodic Payment: PMT Number of Payments per Year: PY = Total Number of Payments: N = Annual Interest Rate: r = Number of Compoundings per Year: CY= 13 c. Your client will have after 9 years. Note: You can earn partial credit on this problem. Preview My Answers Submit Answers