00:01
All right, we are asked which one of these three options would be best for us.
00:06
What's going to give us the most money? and i'm just going to make something up.
00:11
We'll say our principal, let's just say we're starting with $1 ,000, and let's say we're just doing this for 10 years.
00:18
I think that'll be helpful and just figuring out which one's going to be best for us.
00:21
All right, so let's start with the semi -annually.
00:24
So we're going to take 1 ,000, and we're going to multiply that by 1 plus our rate, which is 0 .0 to 5 over.
00:31
Now i'm doing this semi -annually, so i'm going to do this twice, and i'm going to do it twice for 10 years.
00:39
And so i need to put this in.
00:41
My calculator, need to determine what that value is.
00:43
So 1 ,000, and then 1 plus, that's 0 .025 over 2, and raised to the power 20.
00:57
All right, that would give me $1 ,282, and about $0 .0 .4.
01:05
All right, so about $282 of interest if i did this semi -annual.
01:09
All right, let's do it monthly now.
01:11
So this would be 1 ,000, and i'd have 1 plus...