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Basic Math
Solve for P P=120000/((1+0.06/2)^(2(13)))
P
=
120000
(
1
+
0.06
2
)
2
(
13
)
P
=
120000
(
1
+
0.06
2
)
2
(
13
)
Step 1
Simplify the
denominator
.
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Step 1.1
Divide
0.06
0.06
by
2
2
.
P
=
120000
(
1
+
0.03
)
2
(
13
)
P
=
120000
(
1
+
0.03
)
2
(
13
)
Step 1.2
Add
1
1
and
0.03
0.03
.
P
=
120000
1.03
2
(
13
)
P
=
120000
1.03
2
(
13
)
Step 1.3
Multiply
2
2
by
13
13
.
P
=
120000
1.03
26
P
=
120000
1.03
26
Step 1.4
Raise
1.03
1.03
to the
power
of
26
26
.
P
=
120000
2.15659126
P
=
120000
2.15659126
P
=
120000
2.15659126
P
=
120000
2.15659126
Step 2
Divide
120000
120000
by
2.15659126
2.15659126
.
P
=
55643.36729262
P
=
55643.36729262
⎡
⎢
⎣
x
2
1
2
√
π
∫
x
d
x
⎤
⎥
⎦
[
x
2
1
2
π
∫
x
d
x
]
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