Question: Find the amount to which $700 will grow under each of theseconditions:a. 12% compounded annually for 5 years. Do not roundintermediate calculations. Round your answer

Find the amount to which $700 will grow under each of theseconditions:a. 12% compounded annually for 5 years. Do not roundintermediate calculations. Round your answer to the nearestcent.b. 12% co 2 answers

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