Evaluate (12000(0.05/3))/((1+0.05/3)^(3(6))-1)

Math
12000(0.053)(1+0.053)3(6)-1
Combine 12000 and 0.053.
12000⋅0.053(1+0.053)3(6)-1
Simplify the denominator.
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Divide 0.05 by 3.
12000⋅0.053(1+0.016‾)3(6)-1
Add 1 and 0.016‾.
12000⋅0.0531.016‾3(6)-1
Multiply 3 by 6.
12000⋅0.0531.016‾18-1
Raise 1.016‾ to the power of 18.
12000⋅0.0531.34652531-1
Subtract 1 from 1.34652531.
12000⋅0.0530.34652531
12000⋅0.0530.34652531
Simplify the expression.
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Multiply 12000 by 0.05.
60030.34652531
Divide 600 by 3.
2000.34652531
Divide 200 by 0.34652531.
577.15840727
577.15840727
Evaluate (12000(0.05/3))/((1+0.05/3)^(3(6))-1)

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