Options for question c is:

-The nominal deposits into the annuity in part )b) are greater than the nominal deposits into the annuity in part (a).

-The annuity in part (a) is compounded less frequently; therefore, more interest is earned on previously-earned interest.

-The annuity in part (a) is compounded more frequently; therefore, more interest is earned on previously-earned interest.

-The annuity in part (b) is compounded less frequently; therefore, more interest is earned on previously-earned interest.

-The annuity in part (b) is compounded more frequently; therefore, more interest is earned on previously-earned interest.

25. Problem 5.25 (Future Value of an Annuity) Find the future values of the following ordinary annuities: a. FV of $700 paid each 6 months for 5 years at a nominal rate of 14% compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent. b. FV of $350 paid each 3 months for 5 years at a nominal rate of 14% compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cent $ -Select