Finite Math Examples

$50000 + \frac{1200 \cdot ({1.03}^{15} - 1)}{1.03 - 1}$

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 $15$ .

$50000 + \frac{1200 (1.55796741 - 1)}{1.03 - 1}$

Step 1.1.2

Subtract $1$ from $1.55796741$ .

$50000 + \frac{1200 \cdot 0.55796741}{1.03 - 1}$

Step 1.2

Subtract $1$ from $1.03$ .

$50000 + \frac{1200 \cdot 0.55796741}{0.03}$

Step 1.3

Multiply $1200$ by $0.55796741$ .

$50000 + \frac{669.56089992}{0.03}$

Step 1.4

Divide $669.56089992$ by $0.03$ .

$50000 + 22318.69666403$

Step 2

Add $50000$ and $22318.69666403$ .

$72318.69666403$