Solve for p p=500000/((1+(3.5%)/12)^(12*35))

Math
p=500000(1+3.5%12)12⋅35
Convert 3.5% to a decimal.
p=500000(1+0.03512)12⋅35
Simplify the denominator.
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Divide 0.035 by 12.
p=500000(1+0.002916‾)12⋅35
Add 1 and 0.002916‾.
p=5000001.002916‾12⋅35
Multiply 12 by 35.
p=5000001.002916‾420
Raise 1.002916‾ to the power of 420.
p=5000003.39810188
p=5000003.39810188
Divide 500000 by 3.39810188.
p=147140.96761986
Solve for p p=500000/((1+(3.5%)/12)^(12*35))

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