Question: Please use include formulas. Thank you. Please include formulas. Thank you 5-25 FUTURE VALUE OF AN ANNUTTY Find the future values of the following ordinary

Please use include formulas. Thank you.

Please use include formulas. Thank you. Please include formulas. Thank you

Please include formulas. Thank you

5-25 FUTURE VALUE OF AN ANNUTTY Find the future values of the following ordinary annuities: a. FV of $400 paid each 6 months for 5 years at a nominal rate of 12% compounded semiannually b. FV of $200 paid each 3 months for 5 years at a nominal rate of 12% compounded quarterly c. 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 b ends up larger than the one in part a. Why does this occur

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