Finite Math Examples

$p = 40000 {(1 + \frac{0.08}{12})}^{- 48}$

Step 1

Divide $0.08$ by $12$ .

$p = 40000 {(1 + 0.00\overline{6})}^{- 48}$

Step 2

Add $1$ and $0.00\overline{6}$ .

$p = 40000 \cdot {1.00\overline{6}}^{- 48}$

Step 3

Rewrite the expression using the negative exponent rule $b^{- n} = \frac{1}{b^{n}}$ .

$p = 40000 \cdot \frac{1}{{1.00\overline{6}}^{48}}$

Step 4

Raise $1.00\overline{6}$ to the power of $48$ .

$p = 40000 \cdot \frac{1}{1.3756661}$

Step 5

Divide $1$ by $1.3756661$ .

$p = 40000 \cdot 0.72692058$

Step 6

Multiply $40000$ by $0.72692058$ .

$p = 29076.82321123$