Finite Math Examples

$\frac{29590 (0.0475)}{1 - {(1 + 0.0475)}^{- 48}}$

Step 1

Multiply $29590$ by $0.0475$ .

$\frac{1405.525}{1 - {(1 + 0.0475)}^{- 48}}$

Step 2

Simplify the denominator.

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Step 2.1

Add $1$ and $0.0475$ .

$\frac{1405.525}{1 - {1.0475}^{- 48}}$

Step 2.2

Rewrite the expression using the negative exponent rule $b^{- n} = \frac{1}{b^{n}}$ .

$\frac{1405.525}{1 - \frac{1}{{1.0475}^{48}}}$

Step 2.3

Raise $1.0475$ to the power of $48$ .

$\frac{1405.525}{1 - \frac{1}{9.27670013}}$

Step 2.4

Divide $1$ by $9.27670013$ .

$\frac{1405.525}{1 - 1 \cdot 0.10779695}$

Step 2.5

Multiply $- 1$ by $0.10779695$ .

$\frac{1405.525}{1 - 0.10779695}$

Step 2.6

Subtract $0.10779695$ from $1$ .

$\frac{1405.525}{0.89220304}$

Step 3

Divide $1405.525$ by $0.89220304$ .

$1575.342074$