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Find the future values of the following ordinary annuities:

A) FV of $600 paid each 6 months for 6 years at a nominal rate of 8%, compounded semiannually. Round your answer to the nearest cent.

B) FV of $300 paid each 3 months for 6 years at a nominal rate of 8%, compounded quarterly. Round your answer to the nearest cent.

Financial Management, Finance

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