Finite Math Examples

Evaluate 5000/((1+0.06)^30)
5000(1+0.06)30
Step 1
Simplify the denominator.
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Step 1.1
Add 1 and 0.06.
50001.0630
Step 1.2
Raise 1.06 to the power of 30.
50005.74349117
50005.74349117
Step 2
Divide 5000 by 5.74349117.
870.55065455
5000(1+0.06)30
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