Annuities and compounding Personal Finance Problem Janet Boyle intends to deposit $360 per year in a credit union for the next years, and the credit union pays an annual interest rate of 11% a. Determine the future value that Janet will have in 8 years, given that end-of-period deposits are made and no interest in withdrawn, (1) $360 is deposited annually and the credit union pays interest annually (2) $180 is deposited semiannually and the credit union pays interest semiannually (3) $90 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