A few days ago
Any ideas? I tried but can’t seem to come up with an asnwer?
CD rollover. Ronnie invested P dollars in a 2-year CD with an annual rate of return of r. After the CD rolled over three times, its value was P((1+r)^2)^3. Which law of exponents can be used to simplify the expression?
Top 1 Answers
A few days ago
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The law stating that when a power is raised to a power, multiply the powers.
(a^b)^c = a^ (bc).
So it’s P((1+r)^6)
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