Question 1139519
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The annual interest rate is 2.1% = 0.021.<br>
The monthly interest rate is 1/12 of the annual interest rate: 0.021/12 = 0.00175.<br>
Each time interest gets compounded, the current value gets multiplied by (1 plus the monthly interest rate) = 1.00175.<br>
There are 24 months in 2 years; in 2 years the interest will be compounded 24 times.<br>
Future value: {{{1000(1.00175)^24}}}<br>
Use a calculator....