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Annuities and compounding Porsonal Financo. Problem Janot Boylo intends to doposit $340 per yoar in a crodit union for the next 5 yoars, and the

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Annuities and compounding Porsonal Financo. Problem Janot Boylo intends to doposit $340 per yoar in a crodit union for the next 5 yoars, and the credit union pays an annual intorest ra 6% a. Determine the future value that Janet will have in 5 yoars, given that end-of-period deposits are made and no intorest is withdrawn, if (1) $340 is doposited annually and the credit unicn pars, interest annually. (2) $170 is deposiled semiannually and the credit union pays interest semiannualy. (3) $85 is deposited quarterly and the credit union pays intarest quartecly. b. Use your finding in part a to discuss the efloct of more frequont deposits and compounding of intorost on the futuro value of an annuity

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