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Problem 4-16 Future Value for Various Compounding Periods Find the amount to which $800 will grow under each of the following conditions. Do not round
Problem 4-16 Future Value for Various Compounding Periods Find the amount to which $800 will grow under each of the following conditions. Do not round intermediate calculations. Round your answer to the nearest cent. a. 10% compounded annually for 5 years b. 10% compounded semiannually for 5 years C. 10% compounded quarterly for 5 years d. 10% compounded monthly for 5 years
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