question 21

eBook Problem Walk-Through Find the amount to which $400 will grow under each of these conditions: a. 6% compounded annually for 3 years. Do not round intermediate calculations. Round your answer to the nearest cent. b. 6% compounded semiannually for 3 years. Do not round Intermediate calculations. Round your answer to the nearest cent 6. 6% compounded quarterly for 3 years. Do not round intermediate calculations. Round your answer to the nearest cent. S d. 6% compounded monthly for 3 years. Do not round Intermediate calculations. Round your answer to the nearest cont. 4. 6% compounded daily for 3 years. Assume 365-days in a year. Do not round Intermediate calculations. Round your answer to the nearest cent 1. Why does the observed pattern of FVs occur? Select The future van mens compound periode per interest scanned on interest free The future valors des compounding ponds per veninde interest is minden resten The future values increase use as compounding pen per year ieces, nesised on interest more frequently The future values in bescomponen per year decisare creat more frequently The aus der autem per var det i anden TETAAN march O