Future Value of an Annuity for Various Compounding Periods Find the future values of the following ordinary annuities FV of $200 each 6 months for 8 years at a nominal rate of 12 , compounded semiannually Do not round intermediate calculations Round your answer to the nearest cent $ FV of $100 each 3 months for 8 years at a nominal rate of 12 , compounded quarterly Do not round intermediate calculations Round your answer to the nearest cent $ The annuities described in parts a and b have the same amount of money paid into them during the 8 year period, and both earn interest at the same nominal rate, yet the annuity in part b earns more than the one in part a over the 8 years Why does this occur Future Value of an Annuity for Various Compounding Periods Find the future values of the following ordinary annuities FV of $200 each 6 months for 8 years at a nominal rate of 12 , compounded semiannually Do not round intermediate calculations Round your answer to the nearest cent $ FV of $100 each 3 months for 8 years at a nominal rate of 12 , compounded quarterly Do not round intermediate calculations Round your answer to the nearest cent $ The annuities described in parts a and b have the same amount of money paid into them during the 8 year period, and both earn interest at the same nominal rate, yet the annuity in part b earns more than the one in part a over the 8 years Why does this occur

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Future Value of an Annuity for Various Compounding Periods

Find the future values of the following ordinary annuities.

FV of $200 each 6 months for 8 years at a nominal rate of 12%, compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent.

$
FV of $100 each 3 months for 8 years at a nominal rate of 12%, compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cent.

$
The annuities described in parts a and b have the same amount of money paid into them during the 8-year period, and both earn interest at the same nominal rate, yet the annuity in part b earns more than the one in part a over the 8 years. Why does this occur?

Future Value of an Annuity for Various Compounding Periods

Find the future values of the following ordinary annuities.
FV of $200 each 6 months for 8 years at a nominal rate of 12%, compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent.

$
FV of $100 each 3 months for 8 years at a nominal rate of 12%, compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cent.

$
The annuities described in parts a and b have the same amount of money paid into them during the 8-year period, and both earn interest at the same nominal rate, yet the annuity in part b earns more than the one in part a over the 8 years. Why does this occur?