### Future Value

Find the future vales 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