Basic Math Examples

$p = \frac{500000}{{(1 + \frac{3.5 %}{12})}^{12 \cdot 35}}$

Step 1

Convert $3.5 %$ to a decimal.

$p = \frac{500000}{{(1 + \frac{0.035}{12})}^{12 \cdot 35}}$

Step 2

Simplify the denominator.

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Step 2.1

Divide $0.035$ by $12$ .

$p = \frac{500000}{{(1 + 0.00291\overline{6})}^{12 \cdot 35}}$

Step 2.2

Add $1$ and $0.00291\overline{6}$ .

$p = \frac{500000}{{1.00291\overline{6}}^{12 \cdot 35}}$

Step 2.3

Multiply $12$ by $35$ .

$p = \frac{500000}{{1.00291\overline{6}}^{420}}$

Step 2.4

Raise $1.00291\overline{6}$ to the power of $420$ .

$p = \frac{500000}{3.39810188}$

Step 3

Divide $500000$ by $3.39810188$ .

$p = 147140.96761986$