Future Value of an Annuity for Various Compounding Periods Find the future values of the following ordinary annuities. a. FV of $400 paid 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 pald each 3 months for 5 years at a nominal rate of 16%, compounded quarteriy. Do not round intermediate calculations. Round your answer to the nearest cent. 5 c. The annuities described in parts a and b have the same amount of money paid into them during the 5 -year period, and both earn interest at the same nominal rate, yet the annulty in part b earns more than the one in part a over the 5 vears. Whu dine thie nrrurs