Future value for various compounding periods Find the amount to which $500 will

Question

Future value for various compounding periods
Find the amount to which $500 will grow under each of these conditions:
a.5% compounded annually for 10 years. Round your answer to the nearest cent.

b.5% compounded semiannually for 10 years. Round your answer to the nearest cent.

c.5% compounded quarterly for 10 years. Round your answer to the nearest cent.

d.5% compounded monthly for 10 years. Round your answer to the nearest cent.

e. 5% compounded daily for 10 years. Round your answer to the nearest cent.

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