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

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

User Mohmmad S
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1 Answer

2 votes
=420(1+0.03/12)^2 use the calculator to find the answer
User Jiri Vlasimsky
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7.6k points
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