An investments account offers a annual return. If $ is placed in the account for two years, by how much will the investment grow if interest is compounded a annually, b semiannually, c quarterly, or d monthly?
Note: Use tables, Excel, or a financial calculator. Round your answers to decimal places. FV of $ PV of $ FVA of $ and PVA of $
tableInv,tial,tableAnnualRatetableInterestCompoundedtablePeriodInvestedFuture Valuea$Annually, years,bSemiannually, years,cQuarterly, years,dMonthly, years,