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Find the future values of the following ordinary annuities: a. FV of $200 paid each 6 months for 5 years at a nominal rate of
Find the future values of the following ordinary annuities: a. FV of $200 paid each 6 months for 5 years at a nominal rate of 12% compounded serniannually. Do not round intermediate calculations. Round your answer to the nearest cent. 5 b. FV of $100 paid each 3 months for 5 years at a nominal rate of 12% compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cent. 5 c. These annuities recelve the same amount of cash during the 5 -year period and earn interest at the same nominal rate. yet the annuity in part b ends up larger than the one in part a. Why does this occur
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