Evaluate (1+0.06/12)^12-1 - Math help

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${(1 + \frac{0.06}{12})}^{12} - 1$

Simplify each term.

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Divide $0.06$ by $12$ .

${(1 + 0.005)}^{12} - 1$

Add $1$ and $0.005$ .

${1.005}^{12} - 1$

Raise $1.005$ to the power of $12$ .

$1.06167781 - 1$

$1.06167781 - 1$

Subtract $1$ from $1.06167781$ .

$0.06167781$

Evaluate (1+0.06/12)^12-1

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