Ask a New Question

The present value of the money in your savings acct is $420, and you're receiving 3% annual interest compounded monthly. What is the future value in 2 months?

1 answer

amount = 420(1.0025)^2 = ....

Similar Questions

A local bank reports that 70% of its customers maintain a chequing acct, 50% have a savings acct and 40% have both.If a customer
1. 0 answers
The present value of the money in your savings account is $420, and you're receiving 3% annual interest compounded monthly. What
1. 1 answer
The present value of the money in your savings account is $420, and you're receiving 3% annual interest compounded monthly. What
1. 4 answers
19. The present value of the money in your savings account is $420, and you're receiving 3% annual interest compounded monthly.
1. 1 answer

more similar questions