Question: Question 9 Problem 4-18 Future Value of an Annuity for Various Compounding Periods Find the future values of the following ordinary annuities: a. FV of

Question 9 Problem 4-18 Future Value of an Annuity for Various

Question 9

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 12%, 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 12%, compounded quarterly. Round your answer to the nearest cent. $

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