Value = P + Pr + Pr^2/4
Plug in the numbers.
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 = $200 and r = 10%.
2 answers
$20,000+1+6.2^-6
1 answer