Question: Find the amount to which $500 will grow under each of these conditions: a.12% compounded annually for 5 years b.12% compounded semiannually for 5 yrs

Find the amount to which $500 will grow under each of these conditions: a.12% compounded annually for 5 years b.12% compounded semiannually for 5 yrs c.12 % compounded quarterly for 5 years d. 12 %compounded monthly for 5 yrs e. 12% compounded daily for 5 yrs f. Why does the observed pattern of FVs occur

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