Question: Find the amount to which $200 will grow under each of these conditions: a. 4% compounded annually for 6 years. Do not round intermediate calculations.
Find the amount to which $200 will grow under each of these conditions: a. 4% compounded annually for 6 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ b. 4% compounded semiannually for 6 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ c.4% compounded quarterly for 6 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ d. 4% compounded monthly for 6 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ e. 4% compounded daily for 6 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
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