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Find the amount to which $600 will grow under each of these conditions: a. 8% compounded annually for 8 years. Do not round intermediate calculations.
Find the amount to which $600 will grow under each of these conditions: a. 8% compounded annually for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ b. 8% compounded semiannually for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ C. 8% compounded quarterly for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ d. 8% compounded monthly for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. e. 8% compounded daily for 8 years. Assume 365-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? -Select
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