Find the future values of the following ordinary annuities: a. FV of $600 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. FV of $300 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 cent. $ c. These annuities receive the same amount of cash during the 5-year period and earn interest at the same nominal rate, yet the annoity in part bends up larger than the one in part a. Why does this occur? The annuity in part() is compounded more frequently therefore, more interest is named on previously earned interest