Annuities and compoundingPersonal Finance ProblemJanet Boyle intends to deposit $300 per year in a credit union for the next 6 years, and the credit union pays an annual interest rate of 6%.

a.Determine the future value that Janet will have at the end of 6 years, given that end-of-period deposits are made and no interest is withdrawn, if (1)$300 is deposited annually and the credit union pays interest annually.

(2)$150 is deposited semiannually and the credit union pays interest semiannually.

(3) $75is deposited quarterly and the credit union pays interest quarterly.