8. (EA1) Over a 3-year period, a series of deposits are made to a savings account. All deposits within a given year are equal in size and are made at the beginning of each relevant period. Deposits for each year total $1200. The following chart shows the frequency of deposits and the interest rate credited for each year: Year Frequency of Deposits Interest Rate Credited During Year 1 Semi-annually d(12) = 6% 2 Quarterly (3) = 8% 3 Every 2 months 8 = 7% Find the value of the account at the end of the 3rd year. A) 4000 B) 4020 C) 4040 D) 4060 E) 4080 8. (EA1) Over a 3-year period, a series of deposits are made to a savings account. All deposits within a given year are equal in size and are made at the beginning of each relevant period. Deposits for each year total $1200. The following chart shows the frequency of deposits and the interest rate credited for each year: Year Frequency of Deposits Interest Rate Credited During Year 1 Semi-annually d(12) = 6% 2 Quarterly (3) = 8% 3 Every 2 months 8 = 7% Find the value of the account at the end of the 3rd year. A) 4000 B) 4020 C) 4040 D) 4060 E) 4080