Question: Find the amount to which $2,000 will grow under each of the following conditions: a. 8% compounded annually for 5 years. b. 8% compounded semiannually

Find the amount to which $2,000 will grow under each of the following conditions:
a. 8% compounded annually for 5 years.
b. 8% compounded semiannually for 5 years.
c. 8% compounded quarterly for 5 years.
d. 8% compounded monthly for 5 years?

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