Register

Victor opens a savings account with $750. The account pays 6% interest, compounded every six months. If he makes no other deposits or withdrawals, how much will Victor have in h…

Victor opens a savings account with $750. The account pays 6% interest, compounded every six months. If he makes no other deposits or withdrawals, how much will Victor have in h…
212k views
10 votes
Victor opens a savings account with $750. The account pays 6% interest, compounded every six months. If he makes no other deposits or withdrawals, how much will Victor have in his account after 18 months?

User Midhat
by
8.3k points

1 Answer

14 votes
You would do 750 divided by 6% and that equals 125. So victor would deposit $125 after 18 months
User Bigless
by
8.0k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!