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Find the amount to which $ 3 0 0 will grow under each of these conditions: a . 1 4 % compounded annually for 7
Find the amount to which $ will grow under each of these conditions:
a compounded annually for years. Do not round intermediate calculations. Round your answer to the nearest cent.
$
b compounded semiannually for years. Do not round intermediate calculations. Round your answer to the nearest cent.
$
c compounded quarterly for years. Do not round intermediate calculations. Round your answer to the nearest cent.
$
d compounded monthly for years. Do not round intermediate calculations. Round your answer to the nearest cent.
$
e compounded daily for years. Assume 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?
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