Question: Find the amount to which $525 will grow under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest
Find the amount to which $525 will grow under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest cent.
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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