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17. Problem 5.23 (Future Value for Various Compounding Periods) eBook Problem Walk-Through Find the amount to which $800 will grow under each of these conditions:

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17. Problem 5.23 (Future Value for Various Compounding Periods) eBook Problem Walk-Through Find the amount to which $800 will grow under each of these conditions: a. 16% compounded annually for 3 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ b. 16% compounded semiannually for 3 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ c. 16% compounded quarterly for 3 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ d. 16% compounded monthly for 3 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ e. 16% compounded daily for 3 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? -Select

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