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

23. Problem 5.23 (Future Value for Various Compounding Periods) E eBook Problem Walk-Through Find the amount to which $800 will grow under each of these conditions: a. 8% compounded annually for 9 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ b. 8% compounded semiannually for 9 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ C. 8% compounded quarterly for 9 years. Do not round intermediate calculations. Round your answer to the nearest cent. d. 8% compounded monthly for 9 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ e. 8% compounded daily for 9 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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