Annuities and compounding Personal Finance Problem Janet Boyle intends to deposit $320 per year in a credit union for the next 5 years, and the credit union pays an annual interest rate of 10%. Determine the future value that Janet will have at the end of 5 years, given that end-of-period deposits are made and no interest is withdrawn, if $320 is deposited annually and the credit union pays interest annually. $160 is deposited semi annually and the credit union pays interest semi annually. $80 is deposited quarterly and the credit union pays interest quarterly. 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. If $320 is deposited annually and the credit union pays interest annually, the future value that Janet will have at the end of 5 years is $ 1953.63. (Round to the nearest cent.) If $160 is deposited semi annually and the credit union pays interest semiannually, the future value that Janet will have at the end of 5 years is $. (Round to the nearest cent.)