I need help with the second question please.

Find the future values of the following ordinary annuities. a. FV of $200 each 6 months for 9 years at a nominal rate of 12%, compounded semiannually. Do not round intermediate calculations, Round your answer to the nearest cent. 6181.13 b. FV of $100 each 3 months for 9 years at a nominal rate of 12%, compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cent. c. The annuities described in parts a and b have the same amount of money paid into them during the 9-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 9 years. Why does this occur? The annuity in part (b) Is compounded more frequently; therefore, more interest is earned on interest. Hide Feedback