Finite Math Examples

$\frac{950000 (\frac{0.06}{1})}{{(1 + \frac{0.06}{1})}^{1 \cdot 31} - 1}$

Step 1

Multiply.

Tap for more steps...

Step 1.1

Divide $0.06$ by $1$ .

$\frac{950000 \cdot 0.06}{{(1 + \frac{0.06}{1})}^{1 \cdot 31} - 1}$

Step 1.2

Divide $0.06$ by $1$ .

$\frac{950000 \cdot 0.06}{{(1 + 0.06)}^{1 \cdot 31} - 1}$

Step 1.3

Multiply $950000$ by $0.06$ .

$\frac{57000}{{(1 + 0.06)}^{1 \cdot 31} - 1}$

Step 2

Simplify the denominator.

Tap for more steps...

Step 2.1

Add $1$ and $0.06$ .

$\frac{57000}{{1.06}^{1 \cdot 31} - 1}$

Step 2.2

Multiply $31$ by $1$ .

$\frac{57000}{{1.06}^{31} - 1}$

Step 2.3

Raise $1.06$ to the power of $31$ .

$\frac{57000}{6.08810064 - 1}$

Step 2.4

Subtract $1$ from $6.08810064$ .

$\frac{57000}{5.08810064}$

Step 3

Divide $57000$ by $5.08810064$ .

$11202.60859525$