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Find the amount to which $ 4 0 0 will grow under each of these conditions: 8 % compounded annually for 1 0 years. Do
Find the amount to which $ will grow under each of these conditions:
compounded annually for years. Do not round intermediate calculations. Round your answer to the nearest cent.
$
compounded semiannually for years. Do not round intermediate calculations. Round your answer to the nearest cent.
$
compounded quarterly for years. Do not round intermediate calculations. Round your answer to the nearest cent.
$
compounded monthly for years. Do not round intermediate calculations. Round your answer to the nearest cent.
$
compounded daily for years. Assume 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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