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Simplifying 1000 = P(1 + 0.0642 * 0.59615) Multiply 0.0642 * 0.59615 1000 = P(1 + 0.03827283) Combine like terms: 1 + 0.03827283 = 1.03827283 1000 = P(1.03827283) Reorder the terms for easier multiplication: 1000 = 1.03827283P Solving 1000 = 1.03827283P Solving for variable 'P'. Move all terms containing P to the left, all other terms to the right. Add '-1.03827283P' to each side of the equation. 1000 + -1.03827283P = 1.03827283P + -1.03827283P Combine like terms: 1.03827283P + -1.03827283P = 0.00000000 1000 + -1.03827283P = 0.00000000 Add '-1000' to each side of the equation. 1000 + -1000 + -1.03827283P = 0.00000000 + -1000 Combine like terms: 1000 + -1000 = 0 0 + -1.03827283P = 0.00000000 + -1000 -1.03827283P = 0.00000000 + -1000 Combine like terms: 0.00000000 + -1000 = -1000 -1.03827283P = -1000 Divide each side by '-1.03827283'. P = 963.1379837 Simplifying P = 963.1379837
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