SOLUTION: Compounded semiannually. P dollars is invested at annual interest rate R for 1 year. If the interest is compounded semiannually, then the polynomial P (1 +r/2)^2 represents the
Question 844694: Compounded semiannually. P dollars is invested at annual interest rate R for 1 year. If the interest is compounded semiannually, then the polynomial P (1 +r/2)^2 represents the value of the investment after 1 year. Rewrite this expression without parentheses. Evaluate the polynomial if P = $5670 and r = 3.5% Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
Hi,
In General
A = Accumulated Amount
P= principal =
r= annual rate = .
n= periods per year =
t= years =
After one year