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Future value of an annuity Find the future values of the following ordinary annuities: a. FVof$800paideach6monthsfor5yearsatanominalrateof6%compoundedsemiannually.Roundyouranswertothenearestcent. b. FV of $400 paid each 3 months for

Future value of an annuity

Find the future values of the following ordinary annuities:

a. FVof$800paideach6monthsfor5yearsatanominalrateof6%compoundedsemiannually.Roundyouranswertothenearestcent.
b. FV of $400 paid each 3 months for 5 years at a nominal rate of 6% compounded quarterly. Round your answer to the nearest cent.

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