00:01
This question is similar to the previous question.
00:03
It's just going to give us a principle, in this case, of $2 ,500 and 4 % interest.
00:12
And then it says you're going to do it after 20 years.
00:15
So 20n is going to be up here.
00:17
And you're going to do it annually, semi -annually, quarterly, monthly, and daily.
00:20
So what i'm going to show you how to do is just a quick calculation using microsoft excel.
00:26
It's going to just load up here.
00:28
But it's basically what we're going to do is we're going to take.
00:31
Our formula we're going to say this is n okay so we're going to say it's first of all when it's compounded annually it's one then when it's compounded semi annually is two quarterly it's four monthly is 12 and daily is 365 and then here all i'm going to do is i'm going to put in my formula which is going to be 2500 multiplied by 1 plus 0 .04 divided by and then i'm just going to ask it divide by that number okay and then i'm going to raise it to a 20 multiplied by this number...