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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?
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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
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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
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