Question
Find the amount to which $400 will grow under each of these conditions: a) 6% compounded annually for 3 years. Do not round intermediate calculations.
Find the amount to which $400 will grow under each of these conditions:
a) 6% compounded annually for 3 years. Do not round intermediate calculations. Round your answer to the nearest cent.
b) 6% compounded semiannually for 3 years. Do not round intermediate calculations. Round your answer to the nearest cent.
c) 6% compounded quarterly for 3 years. Do not round intermediate calculations. Round your answer to the nearest cent.
d) 6% compounded monthly for 3 years. Do not round intermediate calculations. Round your answer to the nearest cent.
e) 6% compounded daily for 3 years. Assume 365-days in a year. Do not round intermediate calculations. Round your answer to the nearest cent.
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