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Find future value for various compounding periods

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Future Value for Various Compounding Periods

Question 1: Find the amount to which $650 will grow under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest cent.

  • 6% compounded annually for 5 years.
  • 6% compounded semiannually for 5 years.
  • 6% compounded quarterly for 5 years.
  • 6% compounded monthly for 5 years.

Reference no: EM132490838

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