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the amount to which $500 will grow under each of these conditions: 6% compounded annually for 7 years. Do not round intermediate calculations. Round your answer to the nearest cent. $   6% compounded semiannually for 7 years. Do not round intermediate calculations. Round your answer to the nearest cent. $   6% compounded quarterly for 7 years. Do not round intermediate calculations. Round your answer to the nearest cent.

the amount to which $500 will grow under each of these conditions: 6% compounded annually for 7 years. Do not round intermediate calculations. Round your answer to the nearest cent. $   6% compounded semiannually for 7 years. Do not round intermediate calculations. Round your answer to the nearest cent. $   6% compounded quarterly for 7 years. Do not round intermediate calculations. Round your answer to the nearest cent.

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Find the amount to which $500 will grow under each of these conditions:

  1. 6% compounded annually for 7 years. Do not round intermediate calculations. Round your answer to the nearest cent.

    $  

  2. 6% compounded semiannually for 7 years. Do not round intermediate calculations. Round your answer to the nearest cent.

    $  

  3. 6% compounded quarterly for 7 years. Do not round intermediate calculations. Round your answer to the nearest cent.

    $  

  4. 6% compounded monthly for 7 years. Do not round intermediate calculations. Round your answer to the nearest cent.

    $  

  5. 6% compounded daily for 7 years. Assume 365-days in a year. Do not round intermediate calculations. Round your answer to the nearest cent.

    $  

  6. Why does the observed pattern of FVs occur?

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