Basic Math Examples

$P = \frac{300000}{{(1 + \frac{0.09}{4})}^{4 (15)}}$

Step 1

Simplify the denominator.

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Step 1.1

Divide $0.09$ by $4$ .

$P = \frac{300000}{{(1 + 0.0225)}^{4 (15)}}$

Step 1.2

Add $1$ and $0.0225$ .

$P = \frac{300000}{{1.0225}^{4 (15)}}$

Step 1.3

Multiply $4$ by $15$ .

$P = \frac{300000}{{1.0225}^{60}}$

Step 1.4

Raise $1.0225$ to the power of $60$ .

$P = \frac{300000}{3.80013478}$

Step 2

Divide $300000$ by $3.80013478$ .

$P = 78944.56825833$