Problem $5\mathrm{.}25($Future Value of an Annuity$)$

Problem Walk$-$Through

Find the future values of the following ordinary annuities:

the nearest cent.

$

nearest cent.

$

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?

$-$Select$-$