Future Value of an Annuity for Various Compounding Periods Find the future values of the following ordinary annuities. a. FV of $200 each 6 months for 6 years at a nominal rate of 16%, compounded semiannually. Do not round intermediate calculation und your answer to the nearest cent. $ b. PV of $100 each 3 months for 6 years at a nominal rate of 16%, compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cent c. The annuities described in parts a and have the same amount of money paid Into them during the 6-year period, and both eam interest at the same nominal rate, yet the annuity in part b earns more than the one in part a over the 6 years. Why does this occur? -Select