Question: Find the amount to which $400 will grow under each of these conditions: 6% compounded annually for 5 years. Do not round intermediate calculations. Round
Find the amount to which $400 will grow under each of these conditions:
6% compounded annually for 5 years. Do not round intermediate calculations. Round your answer to the nearest cent.
$
6% compounded semiannually for 5 years. Do not round intermediate calculations. Round your answer to the nearest cent.
$
6% compounded quarterly for 5 years. Do not round intermediate calculations. Round your answer to the nearest cent.
$
6% compounded monthly for 5 years. Do not round intermediate calculations. Round your answer to the nearest cent.
$
6% compounded daily for 5 years. Assume 365-days in a year. Do not round intermediate calculations. Round your answer to the nearest cent.
$
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