Question: Future Value for Various Compounding Periods Find the amount to which $625 will grow under each of the following conditions. Do not round intermediate calculations.
Future Value for Various Compounding Periods Find the amount to which $625 will grow under each of the following conditions. Do not round intermediate calculations. Round your answer to the nearest cent. a. 8% compounded annually for 5 years $ b. 8% compounded semiannually for 5 years $ c. 8% compounded quarterly for 5 years $ d. 8% compounded monthly for 5 years
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