Find the future values of the following ordinary annuities: a. FV of $400 paid each 6 months for 5 years at a nominal rate of 4% compounded semiannually. Do not round intermediate calculations, Round your answer to the neares cent. $ b. PV of $200 paid each 3 months for 5 years at a nominal rate of 4% 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 nominat rate, yet the annuity in part bends up larger than the one in part a Why does this occur? -Select Select The nominal deposits into the annuity in part (b) are greater than the normal deposits to the annuity in part() The annuity in part() is compounded less frequently, therefore, more interest is earned on previously earned interest The annuity in part (al is compounded rore frequently, therefore, more interest ismed on previously served interest The annuity in part (b) is compounded less frequently, therefore, more interest is earned on previously came interest The annuity in part() is compounded more frequently, therefore, more interest ised on previously and interest Check My Work