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Problem Walk$-$Through

Find the amount to which $$600$ will grow under each of these conditions:

a$.8\%$ compounded annually for $6$ years. Do not round intermediate calculations. Round your answer to the nearest cent.

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b$.8\%$ compounded semiannually for $6$ years. Do not round intermediate calculations. Round your answer to the nearest cent.

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c$.8\%$ compounded quarterly for $6$ years. Do not round intermediate calculations. Round your answer to the nearest cent.

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d$.8\%$ compounded monthly for $6$ years. Do not round intermediate calculations. Round your answer to the nearest cent.

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e$.8\%$ compounded daily for $6$ years. Assume $365-$days in a year. Do not round intermediate calculations. Round your answer to the nearest $

f$.$ Why does the observed pattern of FVs occur?

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