Define the future values of the following ordinary annuities, Operation Management

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Find the future values of the following ordinary annuities:

a. FV of $800 paid each 6 months for 5 years at a nominal rate of 5%, compounded semi-annually. Round your answer to the nearest cent.


b. FV of $400 paid each 3 months for 5 years at a nominal rate of 5%, compounded quarterly.


Please provide how to calculate via Financial Calculator, Thanks!

 


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