Question 706518
P(1+(r/2))^2 
P =5670
R=3.5 
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Note: Is rate = 3.5 or 3.5% ?
I'll assume it is 3.5%
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= 5670(1+(0.035)/2))^2
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= 5670(1.0175)^2
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= 5670(1.0353)
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= $5870.19
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Cheers,
Stan H.
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