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Find the amount to which $400 will grow under each of these conditions: 12% compounded...

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Finance

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

12% compounded annually for 6 years. Do not round intermediate calculations. Round your answer to the nearest cent

. $ 12% compounded semiannually for 6 years. Do not round intermediate calculations. Round your answer to the nearest cent.

$ 12% compounded quarterly for 6 years. Do not round intermediate calculations. Round your answer to the nearest cent.

$ 12% compounded monthly for 6 years. Do not round intermediate calculations. Round your answer to the nearest cent.

$ 12% compounded daily for 6 years. Do not round intermediate calculations. Round your answer to the nearest cent.

$ Why does the observed pattern of FVs occur?

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