Question: Future value for various compounding periods Find the amount to which $800 will grow under each of these conditions: a. 8% compounded annually for 10

Future value for various compounding periods

Find the amount to which $800 will grow under each of these conditions:

a. 8% compounded annually for 10 years. Round your answer to the nearest cent.

b. 8% compounded semiannually for 10 years. Round your answer to the nearest cent.

c. 8% compounded quarterly for 10 years. Round your answer to the nearest cent.

d. 8% compounded monthly for 10 years. Round your answer to the nearest cent.

e. 8% compounded daily for 10 years. Round your answer to the nearest cent.

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