500000=p(1+0.06/12)12(15)

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Solution for 500000=p(1+0.06/12)12(15) equation: 



500000=p(1+0.06/12)12(15)

We move all terms to the left:

500000-(p(1+0.06/12)12(15))=0

We add all the numbers together, and all the variables

-(p(0.06/12+1)1215)+500000=0

We multiply all the terms by the denominator


-(p(0.06+500000*12+1)1215)=0



We calculate terms in parentheses: -(p(0.06+500000*12+1)1215), so:

p(0.06+500000*12+1)1215

We add all the numbers together, and all the variables

p(6000001.06)1215

We multiply parentheses

7290001287.9p

Back to the equation:

-(7290001287.9p)



We add all the numbers together, and all the variables

-(+7290001287.9p)=0

We get rid of parentheses

-7290001287.9p=0

p=0/-7290001287.9

p=0

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