FIN501-determine how much $10,000 will grow to over five

determine how much $10,000 will grow to over five years under the following assumptions:(a) Annual compounding at an 8% rate(b) Monthly compounding at an 8% rate (if the periods aren’t given, you should always assume the rate is given as an annual amount).(c) Annual compounding at a 0% rate(d) Monthly compounding at a 0% ratePlease show your work.

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