Find the amount to which $300 will grow under each of these conditions: a. 6% compounded annually for 10 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ b. 6% compounded semiannually for 10 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ c. 6% compounded quarterly for 10 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ d. 6% compounded monthly for 10 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ e. 6% compounded daily for 10 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?
Find the amount to which $300 will grow under each of these conditions:
a. 6% compounded annually for 10 years. Do not round intermediate calculations. Round your answer to the nearest cent.
$
b. 6% compounded semiannually for 10 years. Do not round intermediate calculations. Round your answer to the nearest cent.
$
c. 6% compounded quarterly for 10 years. Do not round intermediate calculations. Round your answer to the nearest cent.
$
d. 6% compounded monthly for 10 years. Do not round intermediate calculations. Round your answer to the nearest cent.
$
e. 6% compounded daily for 10 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?
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