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Basic Math
Evaluate 1500/((1+0.015)^4)
1500
(
1
+
0.015
)
4
Step 1
Simplify the
denominator
.
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Step 1.1
Add
1
and
0.015
.
1500
1.015
4
Step 1.2
Raise
1.015
to the
power
of
4
.
1500
1.06136355
1500
1.06136355
Step 2
Divide
1500
by
1.06136355
.
1413.27634543
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