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500000=n(1+.05)20
We move all terms to the left:
500000-(n(1+.05)20)=0
We add all the numbers together, and all the variables
-(n(1.05)20)+500000=0
We calculate terms in parentheses: -(n(1.05)20), so:We move all terms containing n to the left, all other terms to the right
n(1.05)20
We multiply parentheses
21n
Back to the equation:
-(21n)
-21n=-500000
n=-500000/-21
n=23809+11/21
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