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Future Value of an Annuity for Various Compounding Periods Find the future values of the following ordinary annuities. ( a ) FV of $ 4

Future Value of an Annuity for Various Compounding Periods
Find the future values of the following ordinary annuities.
(a) FV of $400 each 6 months for 5 years at a nominal rate of 16%, compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent.
$
(b) FV of $200 each 3 months for 5 years at a nominal rate of 16%, compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cent. $
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