00:01
Using the minimum one series minimum series compound amount to find the future value now remember the equation f equals a 1 plus i and minus 1 divided by i now in this case you say that i it's going to be 5 by 2 deposit amount every month so and then there will be a percentage on it every month so 5 1 0 .416.
01:12
So very annual rates and that's going to be 0 .16%.
01:17
It's in 2040.
01:18
It's in 2040.
01:19
Very 0 .4.
01:21
Let's talk at 0 .004.
01:24
Right.
01:25
So, um, and it's going to be 12 times 35.
01:31
In this case, that's what for it.
01:35
He does that for 35 years.
01:37
He said, how much we will do have their active 15? so every month, no 12 months make one here.
01:44
So then f, because the amount is 200, the deposit, 1 plus 0 .004 ,000, plus 040 ,000, 1 over 0 .30, right? so we have 200 in the bracket...