7. Problem 5.25 (Future Value of an Annuity) ebook Problem Walk-Through Find the future values of the following ordinary annuities: 5. PV of $300 paid each 6 months for 5 years at a nominal rate of 12% compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent b. PV of $150 paid each 3 months for 5 years at a nominal rate of 12% compounded quarterly. Do not found intermediate calculations, Round your answer to the nearest cent $ These annuities receive the same amount of cash during the 5-year period and earn interest at the same nominal rate, yet the annuity in part bends up larger than the one in part a. Why does this occur? Grade it Now Save & Continue Continue without saving