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OpenStudy (queenv):
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)2 represents the value of the investment after 1 year. Rewrite this expression without parentheses. Evaluate the polynomial if P = $5670 and r = 3.5%
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