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Determine how much will be accumulated in the fund after four years under each of the following situations: 1. The $5,000 annual deposit are
Determine how much will be accumulated in the fund after four years under each of the following situations: 1. The $5,000 annual deposit are made at the end of each of the four years and interest is compounded annually. 2. The $5,000 annual deposit are made at the beginning of each of the four years and interest is compounded annually. 3. The $5,000 annual deposit are made at the beginning of each of the four years and interest is compounded quarterly. 4. The $5,000 annual deposit are made at the beginning of each of the four years interest is compounded annually, and interest earned is withdrawn at the end of each year.
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