00:01
So the question is saying that a person is investing 1 ,000 for one year at a fixed interest of 6 % per annum.
00:12
So what we want to find is the maturity value.
00:17
And we are going to use the calculator, the maturity value after a year, if it is going to be paid by the second interest.
00:29
So that means to see this would, if we input this in the calculator, it should not be difficult.
00:39
So our p 1000, we can put our p in the calculator in, depending on the button that we have, you might have pv button and you put it as negative because it's an outlay.
00:59
So you can put it as negative 1 ,000 there.
01:03
And then on your end button for the periods, it's only one period.
01:10
And then on your interest, you put 6.
01:14
6 % no adjustment because it's per annum compounded yearly...