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Future value for various compounding periods

Find the amount to which $400 will grow under each of these conditions:

12% compounded annually for 4 years. Do not round intermediate calculations. Round your answer to the nearest cent.

$ ___

12% compounded semiannually for 4 years. Do not round intermediate calculations. Round your answer to the nearest cent.

$ ___

12% compounded quarterly for 4 years. Do not round intermediate calculations. Round your answer to the nearest cent.

$ ___

12% compounded monthly for 4 years. Do not round intermediate calculations. Round your answer to the nearest cent.

$ ___

12% compounded daily for 4 years. Do not round intermediate calculations. Round your answer to the nearest cent.

$ ___

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92268161

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