Find the future values of the following ordinary annuities: a. FV of $300 paid each 6 months for 5 years at a nominal rate of 15% compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent. b. FV of $150 paid each 3 months for 5 years at a nominal rate of 15% compounded quarterly. Do not round intermediate caiculations. Round your answer to the nearest cent. c. These annulies receive the same amount of cash during the 5 -year period and eam interest at the same nominal rate, yet the annuity in part b ends up borger than the one in part a. Why does this occur? Select- The nominal deposits into the anguity in part for) are grevter then the cominal deposits into the annuly in part (0). The annuity in part (a) is compounded mare frequentiy, therefore, more interest is earned on pirvously-exned intenou. The annuity in part (b) is compounded lest frequently, therefore, more intecest is earned on previoushy earned intecest. The annuity in part (b) is compounded more ftequently; therefore, more interest lu sarned on proviously-earoed interest. Check My Work (3 remaining)