eBook Future Value for Various Compounding Periods Find the amount to which $300 will grow under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest cent. a. 9% compounded annually for 5 years. $ 651.56 b. 9% compounded semiannually for 5 years. c. 9% compounded quarterly for 5 years. d. 9% compounded monthly for 5 years. eBook Future Value of an Annuity for Various Compounding Periods Find the future values of the following ordinary annuities. a. FV of $800 each 6 months for 6 years at a nominal rate of 12%, compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent. 1562266.6 b. FV of $400 each 3 months for 6 years at a nominal rate of 12%, compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cent. $ C. The annuities described in parts a and b have the same amount of money paid into them during the 6-year period, and both earn interest at the same nominal rate, yet the annuity in part b earns more than the one in part a over the 6 years. Why does this occur? -Select