Basic Math Examples

$p = \frac{500000}{{(1 + \frac{0.14}{12})}^{480}}$

Step 1

Simplify the denominator.

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Step 1.1

Write $1$ as a fraction with a common denominator.

$p = \frac{500000}{{(\frac{12}{12} + \frac{0.14}{12})}^{480}}$

Step 1.2

Combine the numerators over the common denominator.

$p = \frac{500000}{{(\frac{12 + 0.14}{12})}^{480}}$

Step 1.3

Rewrite $\frac{12 + 0.14}{12}$ in a factored form.

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Step 1.3.1

Add $12$ and $0.14$ .

$p = \frac{500000}{{(\frac{12.14}{12})}^{480}}$

Step 1.3.2

Divide $12.14$ by $12$ .

$p = \frac{500000}{{1.011\overline{6}}^{480}}$

Step 1.4

Raise $1.011\overline{6}$ to the power of $480$ .

$p = \frac{500000}{261.80113918}$

Step 2

Divide $500000$ by $261.80113918$ .

$p = 1909.84654063$