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25000=x(1+0.02/12)60
We move all terms to the left:
25000-(x(1+0.02/12)60)=0
We add all the numbers together, and all the variables
-(x(0.02/12+1)60)+25000=0
We multiply all the terms by the denominator
-(x(0.02+25000*12+1)60)=0
We calculate terms in parentheses: -(x(0.02+25000*12+1)60), so:We add all the numbers together, and all the variables
x(0.02+25000*12+1)60
We add all the numbers together, and all the variables
x(300001.02)60
We multiply parentheses
18000061.2x
Back to the equation:
-(18000061.2x)
-(+18000061.2x)=0
We get rid of parentheses
-18000061.2x=0
x=0/-18000061.2
x=0
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