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? a. $422.10 b. $432.60 c. $424.11 d. $426

The future value is $ 422.10.

Step-by-step explanation:

When an amount is compounded monthly,

Then its future value is,

Where, P is the present value or principal value,

r is the annual rate of interest,

t is the number of months,

Here,

P = $ 420, r = 3 % and t = 2 months,

Thus, the future value of the amount is,

Option A is correct.

3/4 ÷ 3/4

step-by-step explanation:

basically divide any proper fraction with itself to fit the criteria.

so if we are using 3/4, then:

3/4 ÷ 3/4 = 1

so 1 is the quotient.

and the numerators for both these fractions is 3.   and if we divide the numerators:

3 ÷ 3 = 1

we see that quotient is equal to our original quotient as well.

-2

7 - 9 = -2

reversed:

-2 + 9 = 7