Future value for compounding periods

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Reference no: EM131590324

Future value for various compounding periods Find the amount to which $200 will grow under each of these conditions:

A-12% compounded annually for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent.

B-12% compounded semiannually for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent.

C-12% compounded quarterly for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent.

D-12% compounded monthly for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent.

E-12% compounded daily for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent.

Why does the observed pattern of FVs occur?

Reference no: EM131590324

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