Future value for various compounding periods

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Future value for various compounding periods Find the amount to which $300 will grow under each of these conditions: 14% compounded annually for 8 years. Round your answer to the nearest cent. $? 14% compounded semiannually for 8 years. Round your answer to the nearest cent. $?? 14% compounded quarterly for 8 years. Round your answer to the nearest cent. $?? 14% compounded monthly for 8 years. Round your answer to the nearest cent. $?? 14% compounded daily for 8 years. Round your answer to the nearest cent. $?? Why does the observed pattern of FVs occur?

Reference no: EM131012124

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