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a: FV of $600 paid each 6 months for 10 years at a nominal rate of 12%, compounded semiannually. Do not round intermediate calculations. Round

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a: FV of $600 paid each 6 months for 10 years at a nominal rate of 12%, compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent. b. PV of $300 paid each 3 months for 10 years at a nominal rate of 12%, compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cent c. The annuities described in parts a and to have the same amount of money paid into them during the 10-year period, and both ear interest at the same nominal rate, yet the annuity in part b earns more than the one in part a over the 10 years. Why does this occur? Select

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