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Determine how much is in each account on the basis of the indicated compounding after the specified years have passed; P is the initial principal,
Determine how much is in each account on the basis of the indicated compounding after the specified years have passed; P is the initial principal, and r is the annual rate given as a percent. (Round your answers to the nearest cent.) after one year where P = $7100 and r = 8.8%
(a) compounded annually $________
(b) compounded quarterly $_______
(c) compounded monthly $_______
(d) compounded weekly $_______
(e) compounded daily $________
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