Finite Math Examples

$10000 + \frac{3600 \cdot ({1.03}^{14} - 1)}{1.03 - 1}$

Step 1

Simplify each term.

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Step 1.1

Simplify the numerator.

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Step 1.1.1

Raise $1.03$ to the power of $14$ .

$10000 + \frac{3600 (1.51258972 - 1)}{1.03 - 1}$

Step 1.1.2

Subtract $1$ from $1.51258972$ .

$10000 + \frac{3600 \cdot 0.51258972}{1.03 - 1}$

Step 1.2

Subtract $1$ from $1.03$ .

$10000 + \frac{3600 \cdot 0.51258972}{0.03}$

Step 1.3

Multiply $3600$ by $0.51258972$ .

$10000 + \frac{1845.32300947}{0.03}$

Step 1.4

Divide $1845.32300947$ by $0.03$ .

$10000 + 61510.76698261$

Step 2

Add $10000$ and $61510.76698261$ .

$71510.76698261$