$19$:$41$

$,73$

Notes

March $19,2024$ at $19$:$41$

Find the amount to which $$300$ will grow under each of these conditions:

a$.6\%$ compounded annually for $5$ years. Do not round intermediate calculations. Round your answer to the nearest cent.

b$.6\%$ compounded semiannually for $5$ years. Do not round intermediate calculations. Round your answer to the nearest cent.

c$.6\%$ compounded quarterly for $5$ years. Do not round intermediate calculations. Round your answer to the nearest cent.

d$.6\%$ compounded monthly for $5$ years. Do not round intermediate calculations. Round your answer to the nearest cent.

e$.6\%$ compounded daily for $5$ years. Assume $365$days in a year. Do not round intermediate calculations. Round your answer to the nearest cent.

f$.$ Why does the observed pattern of FVs occur?

:$-$