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11. Problem 5.23 (Future Value for Varieus Compounding Periods) Find the amount to which 3400 will grow under each of these conditions: a. B% compeunded

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11. Problem 5.23 (Future Value for Varieus Compounding Periods) Find the amount to which 3400 will grow under each of these conditions: a. B\% compeunded annually for 5 years. De nst round intermediate calculations. Dound yeur antwer to the nearest ceet. $ b. 8N compeunded semiannualy for 5 years. Do not rousd intermediage calculations. Round your answer to the nearest cerit. \$ 6. Bw compounded quarterly for 5 years, Do not reund intermed ate calculations, Round your answer to the nearest cent, 1 d. Bs compounded monthly for 5 years. Do not round intermediate calculations. Round your amwer to the ceerest cent. 1 b. 1. Why dsen the obseryed pattern of Fis occur? stient

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