Find the amount to which $450 will grow under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest cent.

1. 12% compounded annually for 5 years.

   $

2. 12% compounded semiannually for 5 years.

   $

3. 12% compounded quarterly for 5 years.

   $

4. 12% compounded monthly for 5 years.

   $

2.

Find the present value of $600 due in the future under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest cent.

1. 6% nominal rate, semiannual compounding, discounted back 5 years.

   $

2. 6% nominal rate, quarterly compounding, discounted back 5 years.

   $

3. 6% nominal rate, monthly compounding, discounted back 1 year.

   $

3.

Find the future values of the following ordinary annuities.

1. FV of $800 each 6 months for 5 years at a nominal rate of 8%, compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent.

   $

2. FV of $400 each 3 months for 5 years at a nominal rate of 8%, compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cent.

   $