Which one of the formulations below calculates the future value of a set of 5-year annuity payments of $1000 at a nominal interest rate of 6% compounded every two months? Select one:
a. 1000*(F/A, 1%, 30)
b. 1000*(F/A, 6%, 30)
c. 1200*(P/F, 6%, 30)
d. 1000*(F/A, 6%, 5)
e. 1000*(F/A, 1.5%, 5)

Q&A Education