10. Problem 5.25 (Future Value of an Annuity) Book Problem Walkthrough Find the future values of the following ordinary avut 1. PV of 4400 paid cach 6 months for 5 years at a nominal rate of 12 compounded manually. Do not round Mermediate calculations. Round your answer to the nearest cent. Vos300 paid each 3 months for 5 years at a nominal rate of 12 compounded erterty. Do not round intermediate clications. Nound your answer to the nearest cent. $ There annuities receive the same amount of cash during the 5year period and an interest at the same inalte, yet the annuity in part bends up larger than the one in part a Why does this occur? These annuities receive the same amount of cash during the 5-vear period and earn interest at the same -Select- 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 (e) is compounded less frequently, therefore, more interest is earned on previously-earned interest. The annuity in part () is compounded more frequently; therefore, more interest is earned on previously-earned interest. The annulty in part (b) is compounded less frequently; therefore, more interest is earned on previously-earned interest. The annulty in part (b) is compounded more frequently; therefore, more interest is earned on previously-earned interest