Nonannual Compounding It is now January 1. You plan to make a total of five deposits of $100 each, one every 6 months, with the first payment being made today. The bank pays a nominal interest rate of 12% but uses semiannual compounding. You plan to leave the money in the bank for 10 years. a. How much will be in your account after 10 years? Do not round intermediate calculations. Round your answers to the nearest cent. $ 1432.02 b. You must make a payment of $1,424.02 in 10 years. To get the money for this payment, you will make five equal deposits, beginning today and for the following four quarters, in a bank that pays a nominal interest rate of 12% with quarterly compounding. How large must each of the five payments be? Do not round intermediate calculations. Round your answers to the nearest cent. $ 100