Find the future values of the following ordinary annuities a. FV of Rs 400 each 6 months for 5 years at a simple rate of 12 percent, compounded semiannually b. FV of Rs 200 each 3 months for 5 years at a simple rate of 12 percent, compounded quarterly The annuities receive the same amount of cash during the 5-year period and earn interest al the same nominal rate, yet the annuity in Part b ends up larger than the one in Part a Why does this occur?
