Question: Future Value for Various Compounding Periods Find the amount to which $400 will grow under each of the following conditions. Do not round intermediate calculations.

Future Value for Various Compounding Periods

Find the amount to which $400 will grow under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest cent.

a. 9% compounded annually for 5 years.

b. 9% compounded semiannually for 5 years.

c. 9% compounded quarterly for 5 years.

d. 9% compounded monthly for 5 years.

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