Solve P=130,000(0.07/1)/[(1+frac{0.07{1})^1(16)-1]}

$$P = \frac { 130,000 ( \frac { 0.07 } { 1 } ) } { [ ( 1 + \frac { 0.07 } { 1 } ) ^ { 1 ( 16 ) } - 1 ] }$$

Solve for P

$$P = \frac{130000000000000000000000000000000000}{27888053550934389677095526468343} = 4661\frac{1.3782399094813897 \times 10^{31}}{2.788805355093439 \times 10^{31}} \approx 4661.494204412$$

Steps for Solving Linear Equation

Anything divided by one gives itself.

$$P=\frac{130000\times 0.07}{\left(1+\frac{0.07}{1}\right)^{1\times 16}-1}$$

Multiply 130000 and 0.07 to get 9100.

$$P=\frac{9100}{\left(1+\frac{0.07}{1}\right)^{1\times 16}-1}$$

Anything divided by one gives itself.

$$P=\frac{9100}{\left(1+0.07\right)^{1\times 16}-1}$$

Add 1 and 0.07 to get 1.07.

$$P=\frac{9100}{1.07^{1\times 16}-1}$$

Multiply 1 and 16 to get 16.

$$P=\frac{9100}{1.07^{16}-1}$$

Calculate 1.07 to the power of 16 and get 2.95216374856540727739668685278401.

$$P=\frac{9100}{2.95216374856540727739668685278401-1}$$

Subtract 1 from 2.95216374856540727739668685278401 to get 1.95216374856540727739668685278401.

$$P=\frac{9100}{1.95216374856540727739668685278401}$$

Expand \frac{9100}{1.95216374856540727739668685278401} by multiplying both numerator and the denominator by 100000000000000000000000000000000.

$$P=\frac{910000000000000000000000000000000000}{195216374856540727739668685278401}$$

Reduce the fraction \frac{910000000000000000000000000000000000}{195216374856540727739668685278401} to lowest terms by extracting and canceling out 7.

$$P=\frac{130000000000000000000000000000000000}{27888053550934389677095526468343}$$

Assign P

$$P≔\frac{130000000000000000000000000000000000}{27888053550934389677095526468343}$$