Add and .

Add and .

Raise to the power of .

Multiply by .

Subtract from .

Cancel the common factor of .

Factor out of .

Cancel the common factor.

Rewrite the expression.

Multiply by .

Divide each term in by .

Cancel the common factor of .

Simplify .

Raise to the power of .

Divide by .

Solve for p p(1+0.03)^8=18000((1-(1+0.03)^6)/0.03)