Question: Find the amount to which $500 will grow under each of the following conditions: a. 12 percent compounded annually for 5 years. b. 12 percent

Find the amount to which $500 will grow under each of the following conditions:

a. 12 percent compounded annually for 5 years.

b. 12 percent compounded semiannually for 5 years.

c. 12 percent compounded quarterly for 5 years.

d. 12 percent compounded monthly for 5 years.

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