Find the amount to which $600 will grow under each of these conditions:

1. 13% compounded annually for 7 years. Do not round intermediate calculations. Round your answer to the nearest cent.

2. 13% compounded semiannually for 7 years. Do not round intermediate calculations. Round your answer to the nearest cent.

3. 13% compounded quarterly for 7 years. Do not round intermediate calculations. Round your answer to the nearest cent.

4. 13% compounded monthly for 7 years. Do not round intermediate calculations. Round your answer to the nearest cent.

5. 13% compounded daily for 7 years. Assume 365-days in a year. Do not round intermediate calculations. Round your answer to the nearest cent.

6. Why does the observed pattern of FVs occur