Annulties and compounding Personal Finance Probiem Janet Boyle intends to deposit $220 per year in a creot union for the next 5 years, and the credit union pays an annual interest rate of 6%. a. Determine the future value that Janet will have in 5 years, given that end-of-period deposits are made and no intersst is withdrawn, if (1) $220 is deposited annually and the credit union pays interest annualy. (2) $110 is deposited semiannually and the eredit uniae pays interest semiannually. (3) $55 is deposited quarterly and the credit urion pays interest quarterly b. Use your finding in part a to discuss the efloct of moce trequent deposits and compounding of interest on the future value of an annulty. a. (1) If 5220 is deposited annually and the credit union pays interest annually, the future value that Janet will have at the end of 5 yean in 8 (Round to the nearent cemL)