SOLUTION: Please help me solve this Financial Polynomials equation: P(1 + r/2)^2 When P=5670 and r=3.5

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Question 805218: Please help me solve this Financial Polynomials equation: P(1 + r/2)^2
When P=5670 and r=3.5
Answer by edjones(8007) About Me  (Show Source):
You can put this solution on YOUR website!
P(1+(r/2))^2 this is an expression not an equation.
p represents principal $5,670.
r is rate so r should equal 3.5% or 0.035
5670(1 + .035/2)^2
=5670(1 + .0175)^2
=5670(1.0175)^2
=5670*1.0353...
=~$5870.19
.
Ed