Find the future values of the following ordinary annuities: a. FV of $700 paid each 6 months for 5 years at a nominal rate of 15% compounded semiannually. Round your answer to the nearest cent. b. FV of $350 paid each 3 months for 5 years at a nominal rate of 15% compounded quarterly, 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 annuity in part b ends up larger than the one in part a. Why does this occur? -Select