Betty DeRose is going to deposit $14,000 into a bank account at the end of every three months for the next six years. Assume the bank account will earn 12% interest compounded quarterly. Calculate the amount of interest Betty DeRose will earn over the six year period. Use the time value of money table factors posted in carmen to answer this question. To access these factors, click modules and then scroll to week 14. Click on the link labeled present & future value table factors. No credit will be awarded for this question using a means other than these table factors to answer this question. Future Value of an Annuity Periods 3 4 5 6 7 8 9 10 12 15 16 17 18 19 20 21 22 23 24 25 60 3% 3.0909 4.1836 5.3091 6.4684 7.6625 8.8923 10.1591 11.4639 14.1920 18.5990 20.1569 21.7616 23.4144 25.1169 26.8704 28.6765 30.5368 32.4529 34.4265 36.4593 163.053 4% 3.1216 4.2465 5.4163 6.6330 7.8983 9.2142 10.5828 12.0061 15.0258 20.0236 21.8245 23.6975 25.6454 27.6712 29.7781 31.9692 34.2480 36.6179 39.0826 41.6459 237.991 5% 3.1525 4.3101 5.5256 6.8019 8.1420 9.5491 11.0266 12.5779 15.9171 21.5786 23.6575 25.8404 28.1324 30.5390 33.0660 35.7193 38.5052 41.4305 44.5020 47.7271 353.584 Rate of interest per period in percent 6% 8% 9% 10% 3.1836 3.2464 3.2781 3.3100 4.3746 4.5061 4.5731 4.6410 5.6371 5.8667 5.9847 6.1051 6.9753 7.3359 7.5233 7.7156 8.3938 8.9228 9.2004 9.4872 9.8975 10.6366 11.0285 11.4359 11.4913 12.4876 13.0210 13.5795 13.1808 14.4866 15.1929 15.9374 16.8699 18.9771 20.1407 21.3843 23.2760 27.1521 29.3609 31.7725 25.6725 30.3243 33.0034 35.9497 28.2129 33.7502 36.9737 40.5447 30.9057 37.4502 41.3013 45.5992 33.7560 41.4463 46.0185 51.1591 36.7856 45.7620 51.1601 57.2750 39.9928 50.4229 56.7645 64.0025 43.3923 55.4568 62.8733 71.4028 46.9958 60.8933 69.5319 79.5430 50.8156 66.7648 76.7898 88.4973 54.8645 73.1059 84.7009 98.3471 533.128 1253.21 1944.79 3034.82 12% 3.3744 4.7793 6.3529 8.1152 10.0890 12.2997 14.7757 17.5487 24.1331 37.2797 42.7533 48.8837 55.7497 63.4397 72.0524 81.6987 92.5026 104.603 118.155 133.333 7471.64 14% 16% 3.4396 3.5056 4.9211 5.0665 6.6101 6.8771 8.5355 8.9775 10.7305 11.4139 13.2328 14.2401 16.0853 17.5185 19.3373 21.3215 27.2707 30.8502 43.8424 51.6595 50.9804 60.9250 59.1176 71.6730 68.3941 84.1407 78.9692 98.6032 91.0249 115.380 104.768 134.841 120.436 157.415 138.297 183.601 158.659 213.978 181.871 249.214 18535.1 46057.5