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

Algebra ->  Polynomials-and-rational-expressions -> 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       Log On


   



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) About Me  (Show Source):
You can put this solution on YOUR website!
 
Hi,
In General A+=+P%281%2Br%2Fn%29%5E%28nt%29
A = Accumulated Amount
P= principal =
r= annual rate = .
n= periods per year =
t= years =
After one year A+=+P%281%2B+.035%2F2%29%5E%282%29+=+P%281.0175%29%5E2+=1.0353P+