Math Solutions

[Solution] CD Rollover . Ronnie invested P dollars in a 2 year CD with an annual rate of return of r. After the CD rolled over three times, its value was

Question: CD Rollover . Ronnie invested P dollars in a 2 year CD with an annual rate of return of r. After the CD rolled over three times, its value was P((1+ r) 2 ) 3 . Which law of exponents can be used to simplify the expression? Simplify it.

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