P dollars is invested at annual interest rate r for 1year 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 expressions without parentheses evaluate the polynomial if P=5670 and r=3.5%

Answer 1

looks like you have to do ...

5670(1.0175)^2

Answer 2

still confused

Answer 3

What part of Reiny's answer don't you understand?

Answer 4

In order for me to understand I need step by step explanations.

Answer 5

5670(1.0175)^2

1. Multiply: 5670(1.0175)

2. Square the product.

Answer 6

actually the squaring of 1.0175 has to be done first

5670(1.0175)^2
= 5670(1.03530625
= = $5870.19 , assuming it is in dollars

Answer 7

Thanks.
I forgot PEMDAS.