E 5-12 Future value; annuities LO5-7 A company plans to make four annual deposits of $200,000 each to a special building fund. The fund's assets will be invested in mortgage instruments expected to pay interest at 12% on the fund's balance. Determine how much will be accumulated in the fund after four years under each of the following situations: 1. The $200,000 annual deposits are made at the end of each of the four years and interest is compounded annually. 2. The $200,000 annual deposits are made at the beginning of each of the four years and interest is compounded annually. 3. The $200,000 annual deposits are made at the beginning of each of the four years and interest is compounded quarterly. 4. The $200,000 annual deposits are made at the beginning of each of the four years interest is compounded annually, and interest earned is withdrawn at the end of each year. E 5-13 Present value; ordinary annuity [ LO5-8 Denzel needs a new car. At the dealership, he finds the car that he likes. The dealership gives him two payment options: (1) pay $35,000 today for the car or (2) pay $4,000 at the end of each quarter for three years. Assuming Denzel uses a discount rate of 12% (or 3% quarterly), determine which option gives him the lower cost