Finite Math Examples

$60000 \cdot \frac{\frac{0.07}{4}}{{(1 + \frac{0.07}{4})}^{4 \cdot 20} - 1}$

Step 1

Divide $0.07$ by $4$ .

$60000 \cdot \frac{0.0175}{{(1 + \frac{0.07}{4})}^{4 \cdot 20} - 1}$

Step 2

Simplify the denominator.

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Step 2.1

Divide $0.07$ by $4$ .

$60000 \cdot \frac{0.0175}{{(1 + 0.0175)}^{4 \cdot 20} - 1}$

Step 2.2

Add $1$ and $0.0175$ .

$60000 \cdot \frac{0.0175}{{1.0175}^{4 \cdot 20} - 1}$

Step 2.3

Multiply $4$ by $20$ .

$60000 \cdot \frac{0.0175}{{1.0175}^{80} - 1}$

Step 2.4

Raise $1.0175$ to the power of $80$ .

$60000 \cdot \frac{0.0175}{4.00639192 - 1}$

Step 2.5

Subtract $1$ from $4.00639192$ .

$60000 \cdot \frac{0.0175}{3.00639192}$

Step 3

Simplify the expression.

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Step 3.1

Divide $0.0175$ by $3.00639192$ .

$60000 \cdot 0.00582093$

Step 3.2

Multiply $60000$ by $0.00582093$ .

$349.25586099$