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Answer each part PLEASE. Find the future values of the following ordinary annuities: a. FV of $800 paid each 6 months for 5 years at

Answer each part PLEASE. image text in transcribed
Find the future values of the following ordinary annuities: a. FV of $800 paid each 6 months for 5 years at a nominal rate of 11% compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent. $ b. PV of $400 paid each 3 months for 5 years at a nominal rate of 11% compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cint. $ the same nominal rate, yet the annuity in part b ends c. These annuities receive the same amount of cash during the 5-year period and earn interest up larger than the one in part a. Why does this occur? -Select

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