Question: Find the amount to which $300 will grow under each of these conditions: 11% compounded annually for 9 years. Do not round intermediate calculations. Round

Find the amount to which $300 will grow under each of these conditions: 11% compounded annually for 9 years. Do not round intermediate calculations. Round your answer to the nearest cent.

$ 11% compounded semiannually for 9 years. Do not round intermediate calculations. Round your answer to the nearest cent.

$ 11% compounded quarterly for 9 years. Do not round intermediate calculations. Round your answer to the nearest cent.

$ 11% compounded monthly for 9 years. Do not round intermediate calculations. Round your answer to the nearest cent.

$ 11% compounded daily for 9 years. Do not round intermediate calculations. Round your answer to the nearest cent.

$ Why does the observed pattern of FVs occur?

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