Problem Walk-Through Find the future values of the following ordinary annuities: a. PV of 600 paid each 6 months for 5 years at a nominal rate of 16 compounded semiannually. Do not found intermediate calculations. Round your answer to the nearest cent. $ PV of $300 paid each 3 months for 5 years at a nominal rate of 10% compounded quarterly. Do not round intermediate calculations. Hound your answer to the nearest cont. $ c. These annuities receive the same amount of cash during the 5-year period and earn interest at the same nominalrate, yet the annuity in part bends up larger than the one in part a. Why does this occur