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
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-> 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
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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):