SOLUTION: pg. 273 92) 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 repre

Question 118082: pg. 273
92) 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 the expression without parentheses. Evaluate the polynomial if P=$200 and r=10%.
answer: P + Pr + p(r^2/4) $220.50

Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Rewrite the expression without parentheses. Evaluate the polynomial if P=$200 and r=10%.
A(1) = P + Pr + p(r^2/4)
A(1) = 200 + 200*0.10 + 200(0.01/4)
A(1) = $220.50
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Cheers,
Stan H.
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