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Problem 4-16 Future Value for Various Compounding Periods Find the amount to which $400 will grow...

Problem 4-16 Future Value for Various Compounding Periods Find the amount to which $400 will grow under each of the following conditions. Round your answer to the nearest cent.

4% compounded annually for 5 years

4% compounded semiannually for 5 years

4% compounded quarterly for 5 years

4% compounded monthly for 5 years $

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jeff jeffy answered 1 month ago
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