Solve for p p=15000/((1+0.0775)^5)

Math
p=15000(1+0.0775)5
Simplify the denominator.
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Add 1 and 0.0775.
p=150001.07755
Raise 1.0775 to the power of 5.
p=150001.45240051
p=150001.45240051
Divide 15000 by 1.45240051.
p=10327.72974641
Solve for p p=15000/((1+0.0775)^5)

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