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Problem Walk$-$Through

Find the amount to which $$200$ will grow under each of these conditions:

a$.6\%$ compounded annually for $3$ years. Do not round intermediate calculations. Round your answer to the nearest cent. $

b$.6\%$ compounded semiannually for $3$ years. Do not round intermediate calculations. Round your answer to the nearest cent.

$

c$.6\%$ compounded quarterly for $3$ years. Do not round intermediate calculations. Round your answer to the nearest cent.

$

d$.6\%$ compounded monthly for $3$ years. Do not round intermediate calculations. Round your answer to the nearest cent.

$

e$.6\%$ compounded daily for $3$ 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?