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Find the amount to which $700 will grow under each of these conditions: a. 4% compounded annually for 9 years. Do not round intermediate calculations.
Find the amount to which $700 will grow under each of these conditions: a. 4% compounded annually for 9 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ b. 4% compounded semiannually for 9 years. Do not round intermediate calculations. Round your answer to the nearest cent. c. 4% compounded quarterly for 9 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ d. 4% compounded monthly for 9 years. Do not round intermediate calculations. Round your answer to the nearest cent. e. 4% compounded daily for 9 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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