10. Problem 5.25 (Future Value of an Annuity) ebook Problem Walk-Through Find the future values of the following ordinary annuities: a. PV of $paid each 6 months for 5 years at a nominal rate of 7%. compounded semiannually. Do not round Intermediate calculations. Round your answer to the nearest cent 5 b. PV of $400 paid each 3 months for 5 years at a nominal rate of 7%. compounded quarterly. Do not round Intermediate calculations. Round your answer to the nearest cent. $ c. These annuities receive the same amount of cash ouring the 5-year period and earn interest at the same nominal rate, yet the annuity in part b ends up larger than the one in part a. Why does this occur