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ind the future values of the following ordinary annulties: a. FV of $400 gaid each 6 months for 5 years at a nominal rate of

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ind the future values of the following ordinary annulties: a. FV of $400 gaid each 6 months for 5 years at a nominal rate of 15% 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 15% compounded quarterly, Do not round intermediate calculations. Hound your answer to the nearest cent. C. These annuities receive the same amount of cahh duiring the s-year period and eam interest at the same nominal rate, yet the annuity in part b ends up larger than the one in part a. Why does this occur

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