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.

mariah is studying the life cycle of the monarch butterfly. she must choose one stage in the cycle to present in science class: egg, caterpillar, chrysalis, or adult. she plans to make her choice randomly using a custom spinner divided into four sections. first, however, she spins the spinner 50 times to see the frequencies it generates.

stage times landed on

egg 10

caterpillar 12

chrysalis 15

adult 13

step-by-step explanation: