Question: This is a question about a loan I got half of it done but I am having a hard time simplifying the denominator, the example

This is a question about a loan I got half of it done but I am having a hard time simplifying the denominator, the example gives the answer but I have no idea how they got the answer?

PMT= $93.75

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1- {1+.15/ 12)-12(20)

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