Finite Math Examples

$\frac{160000 (\frac{0.08}{1})}{{(1 + \frac{0.08}{1})}^{1 (14)} - 1}$

Step 1

Multiply.

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Step 1.1

Divide $0.08$ by $1$ .

$\frac{160000 \cdot 0.08}{{(1 + \frac{0.08}{1})}^{1 (14)} - 1}$

Step 1.2

Divide $0.08$ by $1$ .

$\frac{160000 \cdot 0.08}{{(1 + 0.08)}^{1 (14)} - 1}$

Step 1.3

Multiply $160000$ by $0.08$ .

$\frac{12800}{{(1 + 0.08)}^{1 (14)} - 1}$

Step 2

Simplify the denominator.

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Step 2.1

Add $1$ and $0.08$ .

$\frac{12800}{{1.08}^{1 (14)} - 1}$

Step 2.2

Multiply $14$ by $1$ .

$\frac{12800}{{1.08}^{14} - 1}$

Step 2.3

Raise $1.08$ to the power of $14$ .

$\frac{12800}{2.93719362 - 1}$

Step 2.4

Subtract $1$ from $2.93719362$ .

$\frac{12800}{1.93719362}$

Step 3

Divide $12800$ by $1.93719362$ .

$6607.49645245$