Find the amount to which $500 will grow under each of the following conditions: 12 percent compounded annually for 5 years. 12 percent compounded…

Find the amount to which $500 will grow under each of the following conditions:a. 12 percent compounded annually for 5 years.b. 12 percent compounded semi-annually for 5 years.c. 12 percent compounded quarterly for 5 years.d. 12 percent compounded monthly for 5 years.e. 12% compounded daily for 5 years.f. why does the observe pattern of FV occur?

Find the amount to which $500 will grow under each of the following conditions:a. 12 percent compounded annually for 5 years.b. 12 percent compounded semi-annually for 5 years.c. 12 percent…