Question: Find the amount to which $500 will grow under each of these conditions: a. 12% compounded annually for 8 years. Do not round intermediate calculations.
Find the amount to which $500 will grow under each of these conditions: a. 12% compounded annually for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. 5 b. 12% compounded semiannually for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. c. 12% compounded quarterly for 8 years. Do not round intermediate calculations. Reund your answer to the nearest cent. 5 a. 12% compounded monthly for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. 5 e. 1256 compounded daily for 8 years. Assume.365-days in a year. Do not round intermediate calculations. Round your answer to the nearest cent. 2
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