Question: Find the amount to which $200 will grow under each of these conditions: 8% compounded annually for 7 years. Do not round intermediate calculations. Round

Find the amount to which $200 will grow under each of these conditions: 8% compounded annually for 7 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ 8% compounded semiannually for 7 years. Do not round intermediate calculations. Round your answer to the nearest cent. $

8% compounded quarterly for 7 years. Do not round intermediate calculations. Round your answer to the nearest cent. $

8% compounded monthly for 7 years. Do not round intermediate calculations. Round your answer to the nearest cent. $

8% 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 FVs occur? -Select-

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