Comparing compounding periods Personal Finance Problem Rene Levin wishes to determine the future value at the end of 4 years of a $13,400 deposit made today into an account paying a nominal annual rate of 9%. Find the future value of Rene's deposit, assuming that interest is compounded annually, quarterly, monthly, and continuously. Compare your findings in part a, and use them to demonstrate the relationship between compounding frequency and future value. What is the maximum future value obtainable given the $13,400 deposit, the 4-year time period, and the 9% nominal annual rate? Use your findings in part a to explain. For annual compounding, the future value of Rene's deposit is $ . (Round to the nearest cent.)