2. A deposit is made on January 1, 2016, to earn interest at an annual rate of 8%. The deposit will accumulate to $15,000 by January 1, 2021. How much money was originally deposited assuming that interest is compounded (a) annually, (b) semiannually, and (c) quarterly? Round your answers to the nearest dollar. Present Value a. Annual compounding 22,040 X b. Semiannual compounding 22,204 X c. Quarterly compounding 22,289 X