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I need the following equations answered and I need you to please show your work so I can see how to do it to complete a project:

$12,581,444.50 / (1 + .0608) 25 = ?

$12,581,444.50 / [1 + .0608)45] - 1 = ?

$12,581,444.50 / [(1 + .0659)45]-1 = ?

Thank you in advance.

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Equation 1:

$12,581,444.50 / (1 + .0608)25
= $12,581,444.50/ (1.0608)25
= $12,581,444.50/26.52
= $474413.442
= $474413.44(approximately)

As it was not clear whether one is subtracted from the denominator of the fraction or from the whole fraction so I have explained by taking both options:

Equation ...

Solution provided by:
Sandhya Sharma, MSc
Education
  • BSc, Meerut University
  • MSc, Meerut University
  • MPhil, Institute of Advanced Studies
  • MSc, AIT
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