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Basic Math Examples
A=25000(1+0.05512)48
Step 1
Divide 0.055 by 12.
A=25000(1+0.00458¯3)48
Step 2
Add 1 and 0.00458¯3.
A=25000⋅1.00458¯348
Step 3
Raise 1.00458¯3 to the power of 48.
A=25000⋅1.24545057
Step 4
Multiply 25000 by 1.24545057.
A=31136.26426577