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

Find the amount to which $500 will grow under each of the following conditions.

a. 12% compounded annually for 5 years

b. 12% compounded semiannually for 5 years

c. 12% compounded quarterly for 5 years

d. 12% compounded monthly for 5 years

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