Question: Future value for various compounding periods Find the amount to which $300 will grow under each of these conditions: 8% compounded annually for 8 years.

Future value for various compounding periods Find the amount to which $300 will grow under each of these conditions: 8% compounded annually for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ 8% compounded semiannually for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ 8% compounded quarterly for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ 8% compounded monthly for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ 8% compounded daily for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ Why does the observed pattern of FVs occur?

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