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Finite Math Examples
a=4000(1+0.02754)4(4)
Step 1
Divide 0.0275 by 4.
a=4000(1+0.006875)4(4)
Step 2
Add 1 and 0.006875.
a=4000⋅1.0068754(4)
Step 3
Multiply 4 by 4.
a=4000⋅1.00687516
Step 4
Raise 1.006875 to the power of 16.
a=4000⋅1.11585798
Step 5
Multiply 4000 by 1.11585798.
a=4463.43192619