8. Problem 5.23 (Future Value for various compounding Periode) eBook Problem Walk Through Find the amount to which $300 will grow under each of these conditions a. 8% compounded annually for 7 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ 0.8% compounded semiannually for 7 years. Do not round Intermediate calculations. Round your answer to the nearest cent. $ ce compounded quarterly for 7 years. Do not found intermediate calculations. Round your answer to the nearest cent. KS 5 d. 8 compounded monthly for 7 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ c. compounded daily for 7 years. Assume 365-days in a year. Do not round intermediate calculations. Round your answer to the nearest cent. $ Why does the observed pattern of PVs occur? GE