Find the amount to which $800 will grow under each of these conditions: a. 16% compounded annually for 7 years. Do not round intermediate calculations. Round your answer to the nearest cent. b. 16% compounded semiannually for 7 years. Do not round intermediate calculations. Round your answer to the nearest cent. c. 16\% compounded quarterly for 7 years. Do not round intermediate calculotions. Round your answer to the nearest cent. 5 d. 16% compounded monthly for 7 yes.s. Do not round intermediate calculations. Round your answer to the nearest cent. e. 16% compounded dally for 7 years. Assume 365 -days in a year. Do not round intermediate caiculations. Round your answer to the nearest ce 5 f. Why does the observed pattern of FVs occur? The future valons increase because as compounding penods per year ncreasc, intencest is caened on interest more frequenty