Future value for various compounding periods Find the amount to which $600 will grow under each of these conditions: 8% compounded annually for 4 years. Round your answer to the nearest cent. $ 8% compounded semiannually for 4 years. Round your answer to the nearest cent. $ 8% compounded quarterly for 4 years. Round your answer to the nearest cent. $ 8% compounded monthly for 4 years. Round your answer to the nearest cent. $ 8% compounded daily for 4 years. Round your answer to the nearest cent. $ Why does the observed pattern of FVs occur?