Finite Math Examples

$r = 14000 (\frac{{(1 + 0.06)}^{7} - 1}{0.06})$

Step 1

Multiply $14000$ by $\frac{{(1 + 0.06)}^{7} - 1}{0.06}$ .

$r = 14000 (\frac{{(1 + 0.06)}^{7} - 1}{0.06})$

Step 2

Simplify $14000 (\frac{{(1 + 0.06)}^{7} - 1}{0.06})$ .

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Step 2.1

Simplify the numerator.

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Step 2.1.1

Add $1$ and $0.06$ .

$r = 14000 \frac{{1.06}^{7} - 1}{0.06}$

Step 2.1.2

Raise $1.06$ to the power of $7$ .

$r = 14000 \frac{1.50363025 - 1}{0.06}$

Step 2.1.3

Subtract $1$ from $1.50363025$ .

$r = 14000 (\frac{0.50363025}{0.06})$

Step 2.2

Simplify the expression.

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Step 2.2.1

Divide $0.50363025$ by $0.06$ .

$r = 14000 \cdot 8.39383764$

Step 2.2.2

Multiply $14000$ by $8.39383764$ .

$r = 117513.72709798$