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this is my problem i need to calculate the present value of 40 annual payment of 2500 with the first payment immediately. i invest the money at 8% semi-annual compounding i used the PV excel financial to do that with rate = 4% as it is semi-annual FV = 0 payment = 2500 nb period :40 excel will give me 51461.21 i am not really sure it is the correct answer. do i need to use 8% or 4% as it is semi-annual thanks

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this is my problem i need to calculate the present value of 40 annual payment of 2500 with the first

payment immediately. i invest the money at 8% semi-annual  compounding

i used the PV excel financial to do that with  rate = 4% as it is semi-annual FV = 0 payment = 2500 nb period :40

excel will give me 51461.21 i am not really sure it is the correct answer. do i need to use 8% or 4% as it is semi-annual

thanks

 
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