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Annuities and compounding Personal Finarce Problem Janet Boyle intends to deposit 5260 per year in a cieot union for the next 6 years, and the

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Annuities and compounding Personal Finarce Problem Janet Boyle intends to deposit 5260 per year in a cieot union for the next 6 years, and the ciedit union pays an annual interest rate of 95 a. Doterivine the future value that Janet will have in 8 yoars, given that end-of-period dopos to are made and no imerest is wathdrann, if (1) $260 is deposted annually and the credit unico pers intecest annualy (2) 5130 is deposited semannually and the creot union parys inhorest somiannualy (3) $55 is deposited quartety and the credt union poys intorest quarterly b. Use your finding in pat a to drscuss the eflect of more frequont deposts and compoundirg of interest on the future value of an annuty. a. (1) 1$3260 is deposted anwwally and the credit urion pays mhiest areualy, the fiture yalue that whot will have at the and of 8 years is 4 (Round to tha nearest cent)

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