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26 Find the amount to which $200 will grow under each of these conditions: a. 4% compounded annually for 3 years. Do not round intermediate
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Find the amount to which $200 will grow under each of these conditions: a. 4% compounded annually for 3 years. Do not round intermediate calculations. Round your answer to the nearest cent. 4% compounded semiannually for 3 years. Do not round intermediate calculations. Round your answer to the nearest cent. c. 4% compounded quarterly for 3 years. Do not round intermediate calculations. Round your answer to the nearest cent. d 4% compounded monthly for 3 years. Do not round intermediate calculations. Round your answer to the nearest cent. e, 4% compounded daily for 3 years. Do not round intermediate calculations. Round your answer to the nearest cent. f. Why does the observed pattern of FVs occur? -SelectStep by Step Solution
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