Annuities and compounding Personal Finance Problem Janet Boyle intends to deposit $380 per year in a credit union for the next 8 years, and the credit union pays an annual interest rate of 12%. a. Determine the future value that Janet will have in 8 years, given that end-of-period deposits are made and no interest is withdrawn, if (1) $380 is deposited annually and the credit union pays interest annually. (2) $190 is deposited semiannually and the credit union pays interest semiannually. (3) $95 is deposited quarterly and the credit union pays interest quarterly. b. Use your finding in part a to discuss the effect of more frequent deposits and compounding of interest on the future value of an annuity