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using APR in Business Math










































how do you simplify the expression 1-(1+.22/12)^-60

Comments for using APR in Business Math

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Jun 14, 2012
Simplify the Expression
by: Staff

Answer:

1 - (1 + .22/12)^-60

= 1 - 1/(1 + .22/12)^60

= 1 - 1/(1 + 0.0183333)^60

= 1 - 1/(1.0183333)^60

= 1 - 1/2.974381961

= 1 - 0.3362042982751

= 0.6637957017249



Thanks for writing.

Staff
www.solving-math-problems.com


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