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FV- Lump Sum. Various Compounding Periods. Find the amount to which $500 will grow in five years under each of the following conditions: a. 12

FV- Lump Sum.

Various Compounding Periods.

Find the amount to which $500 will grow in five years under each of the following conditions:

a. 12 percent compounded annually.

b. 12 percent compounded semiannually.

c. 12 percent compounded quarterly.

d. 12 percent compounded monthly.

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