1.

Find the amount to which $650 will grow under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest cent.

1. 12% compounded annually for 5 years.

   $

2. 12% compounded semiannually for 5 years.

   $

3. 12% compounded quarterly for 5 years.

   $

4. 12% compounded monthly for 5 years.

6. 2.

   Find the present value of $725 due in the future under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest cent.

7. 15% nominal rate, semiannual compounding, discounted back 5 years.

   $

8. 15% nominal rate, quarterly compounding, discounted back 5 years.

   $

9. 15% nominal rate, monthly compounding, discounted back 1 year.

   $

10. $