I am having trouble with applications.  i know that with 12,000(1+0.0575/2)^2t you have to solve inside the parenthesis first.  But when I try to divide 0.0575 by 2, I always end up with 23/800.  I'm supposed to end up with a decimal.  Can someone help me with this?

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter1: Basic Concepts And Properties
Section1.4: Algebraic Expressions
Problem 102PS
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I am having trouble with applications.  i know that with 12,000(1+0.0575/2)^2t you have to solve inside the parenthesis first.  But when I try to divide 0.0575 by 2, I always end up with 23/800.  I'm supposed to end up with a decimal.  Can someone help me with this?

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