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eBook Find the amount to which $200 will grow under each of these conditions: 6% compounded annually for 8 years. Do not round intermediate calculations.

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Find the amount to which $200 will grow under each of these conditions:

6% compounded annually for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $
6% compounded semiannually for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $
6% compounded quarterly for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $
6% compounded monthly for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $
6% compounded daily for 8 years. Assume 365-days in a year. Do not round intermediate calculations. Round your answer to the nearest cent. $
Why does the observed pattern of FVs occur?

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