Future Value for Various Compounding Periods

Find the amount to which $550 will grow under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest cent.

1. 12% compounded annually for 5 years.

   $

2. 12% compounded semiannually for 5 years.

   $

3. 12% compounded quarterly for 5 years.

   $

4. 12% compounded monthly for 5 years.

   $