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You have decided to put $ 2 0 0 in a savings account on the first of every half - year for 1 0 years.

You have decided to put $ 200 in a savings account on the first of every half-year for 10 years. The savings account credits interest semi-annually, at the annual rate of 6%. You wish to know how much money will you have in your account immediately after your last deposit. Find the number of payments per year.
a.
1
b.
4
c.
12
d.
6
e.
2

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