SOLUTION: 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

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Question 48965: 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 polynominal if P=$200 and r=10%.
Thank you!

Answer by cowess(34)   (Show Source): You can put this solution on YOUR website!






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