Math Solutions

[Solved] Sec: 4.6 CD Rollover- Ronnie invested P dollars in a 2-year CD with an annual rate of return of r. After the CD rolled over 3 times, its value

Question: Sec: 4.6

CD Rollover- Ronnie invested P dollars in a 2-year CD with an annual rate of return of r. After the CD rolled over 3 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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