Question: Problem 5-25 Future value of an annuity Find the future values of the following ordinary annuities: FV of $600 paid each 6 months for 5

Problem 5-25 Future value of an annuity

Find the future values of the following ordinary annuities:

FV of $600 paid each 6 months for 5 years at a nominal rate of 9% compounded semiannually. Round your answer to the nearest cent. $

FV of $300 paid each 3 months for 5 years at a nominal rate of 9% compounded quarterly. Round your answer to the nearest cent. $

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