# Assume that a $500 investment earns interest compounded quarterly. Express the value of the investment after 1 year as a

## Question:

Assume that a $500 investment earns interest compounded quarterly. Express the value of the investment after 1 year as a polynomial in the annual rate of interest r.

## This problem has been solved!

Do you need an answer to a question different from the above? Ask your question!

## Step by Step Answer:

**Related Book For**

## Calculus And Its Applications

**ISBN:** 9780134437774

14th Edition

**Authors:** Larry Goldstein, David Lay, David Schneider, Nakhle Asmar

**Question Details**

Chapter #

**13**- FunctionsSection: Exercises 13.5

Problem: 107

**View Solution**

Create a free account to access the answer

**Cannot find your solution?**

Post a FREE question now and get an answer within minutes.
* Average response time.

**Question Posted:**April 01, 2023 04:36:17