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p(1+0.04)=12
We move all terms to the left:
p(1+0.04)-(12)=0
We add all the numbers together, and all the variables
p(1.04)-12=0
We multiply parentheses
1.04p-12=0
We move all terms containing p to the left, all other terms to the right
1.04p=12
p=12/1.04
p=11+0.56/1.04
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