11. Problem 5.23 (Future Value for Various Compounding Periods) eBook Problem Walk-Through Find the amount to which $300 will grow under each of these conditions: a. 16% compounded annually for 10 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ b. 16% compounded semiannually for 10 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ c. 16% compounded quarterly for 10 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ d. 16% compounded monthly for 10 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ e. 16% compounded daily for 10 years. Assume 365-days in a year. Do not round intermediate calculations. Round your answer to the nearest cent. $ f. Why does the observed pattern of FVs occur? -Select