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\frac{250000}{1+250000\times 0.0064}
Calculate 0.08 to the power of 2 and get 0.0064.
\frac{250000}{1+1600}
Multiply 250000 and 0.0064 to get 1600.
\frac{250000}{1601}
Add 1 and 1600 to get 1601.