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Find the amount to which $800 will grow under each of these conditions: 9% compounded annually for 10 years. Do not round intermediate calculations. Round

Find the amount to which $800 will grow under each of these conditions:

9% compounded annually for 10 years. Do not round intermediate calculations. Round your answer to the nearest cent. $

9% compounded semiannually for 10 years. Do not round intermediate calculations. Round your answer to the nearest cent. $

9% compounded quarterly for 10 years. Do not round intermediate calculations. Round your answer to the nearest cent. $

9% compounded monthly for 10 years. Do not round intermediate calculations. Round your answer to the nearest cent. $

9% compounded daily for 10 years. Do not round intermediate calculations. Round your answer to the nearest cent. $

Why does the observed pattern of FVs occur?

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