00:01
So we are given 1, 2, 3, and 4 months.
00:05
It's a table we need to complete.
00:06
We're told that $350 is deposited every month.
00:12
This will be in dollars.
00:14
This will be $0 .00.
00:17
And you deposited $350.
00:21
This will be in dollars.
00:24
And our ending balance in dollars will be $350.
00:30
Okay, so there's our first month.
00:31
We're given that.
00:32
And our next month, of course, we started with 350, and we earned $2 .63.
00:41
And this is dollars.
00:44
So this will be $350.
00:46
We add all three of these together, and we get 702 .63.
00:52
So this is the number will come down here.
00:55
702 .63.
00:57
Now, to get the number that goes here, we're going to take 702.
01:05
0 .63 times 0 .09 divided by 12.
01:12
This will be 702 .63 times 0 .09 divided by 12.
01:19
And this is 527.
01:24
And then we'll continue to have $350 deposited each month.
01:31
So we'll have 7.
01:35
Whoops see, 702 .63 plus 5 .27 plus 5 .27 plus and here we'll have 1 ,057 .90...