Future Value for Various Compounding Periods: Find the amount to which 500 will grow under each of the following conditions. (Hint: use the simple approach for dividing the annual rate into semi-annual and so on, calculate the present value and then use the future value formula to work out the equivalent end value.) a. 12 per cent compounded annually for 5 years b. 12 per cent compounded semi-annually for 5 years c. 12 per cent compounded quarterly for 5 years d. 12 per cent compounded monthly for 5 years