8. Problem 5.23 (Future Value for Various Compounding Periods) eBook # Problem Walk-Through Find the amount to which $200 will grow under each of these conditions: 2.8% compounded annually for 9 years. Do not round Intermediate calculations. Round your answer to the nearest cent. $ b.8% compounded semiannually for 9 years. Do not round Intermediate calculations, Round your answer to the nearest cent $ c. 8% compounded quarterly for 9 years. Do not round intermediate calculations, Round your answer to the nearest cent. $ 0.8% compounded monthly for 9 years. Do not round Intermediate calculations. Round your answer to the nearest cent. 6.8% compounded daily for 9 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