to Assignment Attempts: Keep the Highest: 16 11. Problem 5.23 (Future Value for Various Compounding Periods) eBook Problem Walk-Through Find the amount to which $400 will grow under each of these conditions: a. 14% compounded annually for 6 years. Do not round Intermediate calculations. Round your answer to the nearest cent. b. 14% compounded semiannually for 6 years. Do not round intermediate calculations. Round your answer to the nearest cent C. 14% compounded quarterly for 6 years. Do not round intermediate calculations. Round your answer to the nearest cent. d. 14% compounded monthly for 6 years. Do not round Intermediate calculations. Round your answer to the nearest cent e. 14 compounded daily for 6 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 PVs occur