[Steps Shown] Sec 4.4 Compound semiannually- P dollars is invested at annual interest rate r for 1 year. If the interest is compounded semiannually, then
Question: Sec 4.4
Compound 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 parenthesis. Evaluate the polynomial if P = $200.00 and r = 10%
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