Finite Math Examples

$50000 + \frac{1200 \cdot ({1.03}^{14} - 1)}{1.03 - 1}$

Step 1

Simplify each term.

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Step 1.1

Simplify the numerator.

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Step 1.1.1

Raise $1.03$ to the power of $14$ .

$50000 + \frac{1200 (1.51258972 - 1)}{1.03 - 1}$

Step 1.1.2

Subtract $1$ from $1.51258972$ .

$50000 + \frac{1200 \cdot 0.51258972}{1.03 - 1}$

Step 1.2

Subtract $1$ from $1.03$ .

$50000 + \frac{1200 \cdot 0.51258972}{0.03}$

Step 1.3

Multiply $1200$ by $0.51258972$ .

$50000 + \frac{615.10766982}{0.03}$

Step 1.4

Divide $615.10766982$ by $0.03$ .

$50000 + 20503.5889942$

Step 2

Add $50000$ and $20503.5889942$ .

$70503.5889942$