Question: Find the amount to which $ 6 0 0 will grow under each of these conditions: 1 4 % compounded annually for 7 years. Do

Find the amount to which $600 will grow under each of these conditions:
14% compounded annually for 7 years. Do not round intermediate calculations. Round your answer to the nearest cent.
$
14% compounded semiannually for 7 years. Do not round intermediate calculations. Round your answer to the nearest cent.
$
14% compounded quarterly for 7 years. Do not round intermediate calculations. Round your answer to the nearest cent.
$
14% compounded monthly for 7 years. Do not round intermediate calculations. Round your answer to the nearest cent.
$
14% compounded daily for 7 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?

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