Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. a. An initial $400 compounded for 1 year at 4%. b. An initial $400 compounded for 2 years at 4%. $ c. The present value of $400 due in 1 year at a discount rate of 4%. d. The present value of $400 due in 2 years at a discount rate of 4%. $ Find the amount to which $800 will grow under each of these conditions: a. 14% compounded annually for 6 years. Do not round intermediate calculations. Round your answer to the nearest cent. b. 14% compounded semiannually for 6 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ c. 14% compounded quarterly for 6 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ d. 14% compounded monthly for 6 years. Do not round intermediate calculations. Round your answer to the nearest cent. e. 14% compounded daily for 6 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