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Find the amount to which $800 will grow under each of these conditions: a. 16% compounded annually for 8 years. Do not round intermediate calculations.

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Find the amount to which $800 will grow under each of these conditions: a. 16% compounded annually for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ b. 16% compounded semiannually for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ c. 16% compounded quarterly for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ d. 16% compounded monthly for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ e. 16% 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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