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160000\left(1-\frac{45}{1200}\right)^{120}
Expand \frac{0.45}{12} by multiplying both numerator and the denominator by 100.
160000\left(1-\frac{3}{80}\right)^{120}
Reduce the fraction \frac{45}{1200} to lowest terms by extracting and canceling out 15.
160000\times \left(\frac{77}{80}\right)^{120}
Subtract \frac{3}{80} from 1 to get \frac{77}{80}.
160000\times \frac{23926932295544591238098248678630380464090399911182517951682669922202292428384893970287953147889747516145115737949163911961560839976316713810875806492372536315626402782314377440102595137469248582453419990835425989256302629727201}{2348542582773833227889480596789337027375682548908319870707290971532209025114608443463698998384768703031934976000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000}
Calculate \frac{77}{80} to the power of 120 and get \frac{23926932295544591238098248678630380464090399911182517951682669922202292428384893970287953147889747516145115737949163911961560839976316713810875806492372536315626402782314377440102595137469248582453419990835425989256302629727201}{2348542582773833227889480596789337027375682548908319870707290971532209025114608443463698998384768703031934976000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000}.
\frac{23926932295544591238098248678630380464090399911182517951682669922202292428384893970287953147889747516145115737949163911961560839976316713810875806492372536315626402782314377440102595137469248582453419990835425989256302629727201}{14678391142336457674309253729933356421098015930676999191920568572076306406966302771648118739904804393949593600000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000}
Multiply 160000 and \frac{23926932295544591238098248678630380464090399911182517951682669922202292428384893970287953147889747516145115737949163911961560839976316713810875806492372536315626402782314377440102595137469248582453419990835425989256302629727201}{2348542582773833227889480596789337027375682548908319870707290971532209025114608443463698998384768703031934976000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000} to get \frac{23926932295544591238098248678630380464090399911182517951682669922202292428384893970287953147889747516145115737949163911961560839976316713810875806492372536315626402782314377440102595137469248582453419990835425989256302629727201}{14678391142336457674309253729933356421098015930676999191920568572076306406966302771648118739904804393949593600000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000}.