Posted by **Debbie** on Friday, February 27, 2009 at 5:25pm.

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)^2represents the

value of the investment after 1 year. Rewrite this expression

without parentheses. Evaluate the polynomial if

P =$200 and r =10%.

- math/algebra -
**Reiny**, Friday, February 27, 2009 at 6:38pm
it is totally impractival to write P(1+r/n)^n without brackets, unless n=2

that would be P(1 + r + r^2/4)

= P + Pr + Pr^2/4

amount = 200(1.05)^2

= 220.50

notice in the expanded version

amount = 200 + 200(.10) + 200(.10)^2/4

= 200 + 20 + 0.5

= 220.50

mmmh, compare the two calculations.

- algebra -
**PHIL**, Saturday, May 18, 2013 at 8:33pm
7300@7% COMPOUNDED SEMIANNUALLY FOR 3 YRS

## Answer this Question

## Related Questions

- algebra - Compounded semiannually. P dollars is invested at annual interest rate...
- College Algebra - Compounded semiannually. P dollars is invested at annual ...
- Algebra - P dollars is invested at annual interest rate r for 1year If the ...
- Polynomials - P dollars is invested at annual interest rate r for 1year If the ...
- another problem for checking - algebra - P dollars is invested at annual ...
- math - compouned semiannually P dollars is invested at annual rate. r for 1 year...
- Algebra - P dollars is invested at annual interest rate for 1 year. if the ...
- Calc - Find the present value of $14000 due in 9 years at the given rate of ...
- CALC - If 42600 dollars is invested at an interest rate of 5 percent per year, ...
- Algebra - Suppose that P dollars is invested in a savings account at interest ...

More Related Questions