Find the amount to which $500 will grow under each of these conditions: a. 16% compounded annually for 4 years. Do not round intermediate calculations. Round your answer to the nearest cent. 5 b. 16% compounded semiannually for 4 years. Do not round intermediate calculations. Round your answer to the nearest cent: 5 c. 16% compounded quarterly for 4 years. Do not round intermediate calculations. Round your answer to the nearest cent. 5 d. 16% compounded monthly for 4 years. Do not round intermediate calculations. Round your answer to the nearest cent. 5 e. 16%6 compounded daly for 4 years. Assume 365 -days in a year, Do not round intermediate calculations. Round your armaer the 5 1. Why does the observed oattern of Rs occur