Check My Work (3 remaining) Find the future values of the following ordinary annuities: a. FV of $500 paid each 6 months for 5 years at a nominal rate of 14% compounded semiannually. Dr intermediate calculations. Round your answer to the nearest cent. $ b. FV of $250 paid each 3 months for 5 years at a nominal rate of 14% compounded quarterly. Do no intermediate calculations. Round your answer to the nearest cent. c. These annuities receive the same amount of cash during the 5-year period and earn interest at the rate. vet the annuitv in Dart b ends uo laraer than the one in Dart a. Whv does this occur? -select- The nominal deposits into the annulty in part (b) are greater than the nominal deposits into the annuity in part (a) The annuity in part (a) is compounded less frequently; therefore, more Interest is earned on previousiy-earned inte The annuity in part (a) is compounded more frequentiy therefore, more interest is earned on previously-earned ini The annuity in part (b) is compounded less frequentiy, therefore, more interest is earned on previousily-earned inte The annuity in part (b) is compounded more frequently; therefore, more interest is earned on previously-earned int