Future Value of an Annuity for Various Compounding Periods Find the future values of the following ordinary annuities:
Part 1:
FV of $800 paid each 6 months for 6 years at a nominal rate of 12%, compounded semiannually. Round your answer to the nearest cent.
$______
Part 2:
FV of $400 paid each 3 months for 6 years at a nominal rate of 12%, compounded quarterly. Round your answer to the nearest cent.
$_______