A company plans to make four annual deposits of $$3,500$ each to a special building fund. The fund's assets will be invested in mortgage instruments expected to pay interest at $12\%$ on the fund's balance.

Note: Use tables, Excel, or a financial calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

Required:

Determine how much will be accumulated in the fund after four years under each of the following situations:

The $$3,500$ annual deposit are made at the end of each of the four years and interest is compounded annually.

The $$3,500$ annual deposit are made at the beginning of each of the four years and interest is compounded annually.

The $$3,500$ annual deposit are made at the beginning of each of the four years and interest is compounded quarterly.

The $$3,500$ annual deposit are made at the beginning of each of the four years interest is compounded annually, and interest earned is withdrawn at the end of each year.

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Required $4$

The $$3,500$ annual deposits are made at the beginning of each of the four years interest is compounded annully, and interest earned is withdrawn at the end of each year.

$\backslash$table$[[\backslash$table$[[$Deposit$],[$Amount$]],\backslash$table$[[$Number of$],[$Payments$]],\backslash$table$[[$Interest left$],[$in Fund$]],\backslash$table$[[$Fund$],[$Balance$]]],[3,500,40,4254x,.]]$

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