Question: Find the amount to which $500 will grow under each of these conditions: 12% compounded annually for 3 years. Do not round intermediate calculations. Round

Find the amount to which $500 will grow under each of these conditions: 12% compounded annually for 3 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ 12% compounded semiannually for 3 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ 12% compounded quarterly for 3 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ 12% compounded monthly for 3 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ 12% compounded daily for 3 years. Assume 365-days in a year. Do not round intermediate calculations. Round your answer to the nearest cent. $ Why does the observed pattern of FVs occur? NEED THE CORRECT ANSWER!

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