Problem 4-18 Future Value of an Annuity for Various Compounding Periods Find the future values of the following ordinary annuities: a. FV of $200 paid each 6 months for 5 years at a nominal rate of 16%, compounded semiannually. Round your answer to the nearest cent. b. FV of $100 paid each 3 months for 5 years at a nominal rate of 16%, compounded quarterly. 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 5-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 5 years. Why does this occur? -Select