Find the future values of the ordinary annuities

Reference no: EM133558025

Find the future values of the following ordinary annuities.

FV of $800 each 6 months for 5 years at a nominal rate of 12%, compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent.

FV of $400 each 3 months for 5 years at a nominal rate of 12%, compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cent.

Reference no: EM133558025

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