Solve for p p=400000/((1+0.067/1)^25) - Math help

Math

p=400000(1+0.0671)25

Divide 0.067 by 1.

p=400000(1+0.067)25

Simplify the denominator.

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Add 1 and 0.067.

p=4000001.06725

Raise 1.067 to the power of 25.

p=4000005.05953361

p=4000005.05953361

Divide 400000 by 5.05953361.

p=79058.67032073

Solve for p p=400000/((1+0.067/1)^25)

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