Question

Find the amount to which $600 will grow under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest cent.

1. 6% compounded annually for 5 years.

   $  

2. 6% compounded semiannually for 5 years.

   $  

3. 6% compounded quarterly for 5 years.

   $  

4. 6% compounded monthly for 5 years.

   $  

Answer 1