Math

posted by .

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?

  • Math -

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

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Compound Interest : Future Value and Present Value

    Payments of $1800 and $2400 weere made on a $10,000 variable-rate loan 18 and 30 months after the date of the loan. The interest rate was 11.5% compounded semi-annually for the first two years and 10.74% compounded monthly thereafter. …
  2. math

    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?
  3. Compound math

    (Future Value) Suppose you invest $8000 into an account that pays an annual interest rate of 6.2%. How much is in the account after 30 years if a. simple interest is compound monthly?
  4. math

    Using the present value formula you deposit $12,000 in an account that pays 6.5% interest compounded quarterly. A. find the future value after one year?
  5. Math

    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?
  6. math

    The present value of the money in your savings account is $420, andyou're receiving 3% annual interest compounded monthly. what is the future value in two months?
  7. math(compunded interest )

    1.find the future value for the following investment : a) RM19999 at 4.5% COMPOUNDED every 2 months for 2 year b) RM 120000 at 5 3/4 percent compounded monthly for 3 1/4 years
  8. Fins nance business

    1. Find the future value of current $1,000 5 year from now when annual interest rate 8% is compounded annually 2. Find the present value of a future value (1,000) four years from now when annual interest rate 8% is compounded quarterly. …
  9. Statistics

    Mary has a savings account and is earning 10% annual interest compounded semi-annually. If she deposits $2,000 in the account every six months for three years, what will the future value of her account be?
  10. MATH

    Use the following time value of money tables to answer the following questions. Assume that the annual rate of interest is 6% for each of the four following problems. i = 6% Time Periods (n) Future Value of 1 Present Value of 1 Future …

More Similar Questions