Finite Math Examples

$\frac{785.416667}{{(1 + \frac{7.25 %}{12})}^{12 (16)} - 1}$

Step 1

Convert $7.25 %$ to a decimal.

$\frac{785.416667}{{(1 + \frac{0.0725}{12})}^{12 (16)} - 1}$

Step 2

Simplify the denominator.

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Step 2.1

Divide $0.0725$ by $12$ .

$\frac{785.416667}{{(1 + 0.006041\overline{6})}^{12 (16)} - 1}$

Step 2.2

Add $1$ and $0.006041\overline{6}$ .

$\frac{785.416667}{{1.006041\overline{6}}^{12 (16)} - 1}$

Step 2.3

Multiply $12$ by $16$ .

$\frac{785.416667}{{1.006041\overline{6}}^{192} - 1}$

Step 2.4

Raise $1.006041\overline{6}$ to the power of $192$ .

$\frac{785.416667}{3.17881944 - 1}$

Step 2.5

Subtract $1$ from $3.17881944$ .

$\frac{785.416667}{2.17881944}$

Step 3

Divide $785.416667$ by $2.17881944$ .

$360.47808795$