Question: Can you please explain how this answer was arrived to step-by-step? The fact multiple percents are in the parenthesis confuses me and I'm not sure

Can you please explain how this answer was arrived to step-by-step?

Can you please explain how this answer was arrived to step-by-step? The fact multiple percents are in the parenthesis confuses me and I'm not sure what A or P is based on?

= OC(12%) Variable (200) ($272) (P/A1,6%, 12%,5) X (A/P, 12%,5) = $60,529

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