Find the future values of the following ordinary annuities. FV of $400 each 6months for 5 years at a nominal rate of 12%, compounded semiannually FV of $200 each 3 months for 5 years at a nominal rate of 12%, compounded quarterly The annuities described in parts a and b have the same total amount of money paid into them during the 5-year period, and both earn interest at the same nominal rate, yet the annuity in part b earns $101.75 more than the one in part a over the 5 years. Why does this occur?

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