Question: determine how much $10,000 will grow to over five years under the following assumptions: (a) Annual compounding at an 8% rate (b) Monthly compounding at

determine how much $10,000 will grow to over five years under the following assumptions:

(a) Annual compounding at an 8% rate

(b) Monthly compounding at an 8% rate (if the periods aren't given, you should always assume the rate is given as an annual amount).

(c) Annual compounding at a 0% rate

(d) Monthly compounding at a 0% rate

Please show your work.

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