Question: 21. Problem 5.23 (Future Value for Various Compounding Periods) eBook Problem Walk-Through Find the amount to which $500 will grow under each of these conditions:

21. Problem 5.23 (Future Value for Various Compounding Periods) eBook Problem Walk-Through Find the amount to which $500 will grow under each of these conditions: a. 4% compounded annually for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. b.4% compounded semiannually for 8 years. Do not round intermediate calculations, Round your answer to the nearest cent. $ 6.4% compounded quarterly for 8 years. Do not round Intermediate calculations, Round your answer to the nearest cent. $ d. 4% compounded monthly for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ e. 4% compounded daily for 8 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

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