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Exercise 5-8 (Algo) Future value; compound interest (LO5-7) Wiseman Video plans to make four annual deposits of $5.500 each to a special building fund. The

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Exercise 5-8 (Algo) Future value; compound interest (LO5-7) Wiseman Video plans to make four annual deposits of $5.500 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. EV of $1. PV L$1. EVA of $1. PVA of $1. EVAD of S1 and PVAD of $1 (Use appropriate factor(s) from the tables provided.) Determine how much will be accumulated in the fund on December 31, 2024, under each of the following situations. 4.10 1. The first $5.500 deposit is made on December 31, 2021. and interest is compounded annually. 2. The first $5,500 deposit is made on December 31, 2020, and interest is compounded annually. 3. The first $5,500 deposit is made on December 31, 2020, and interest is compounded quarterly, 4. The first $5,500 deposit is made on December 31, 2020, interest is compounded annually, and interest earned is withdrawn at the end of each year Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 The first $5,500 deposit is made on December 31, 2021, and interest is compounded annually. (Round your final answers to nearest whole dollar amount.) Table or calculator function Deposit Wiseman Video plans to make four annual deposits of $5,500 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. (FV of $1. PV of $1. EVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Determine how much will be accumulated in the fund on December 31, 2024, under each of the following situations. 1. The first $5,500 deposit is made on December 31, 2021, and interest is compounded annually. 2. The first $5,500 deposit is made on December 31, 2020, and interest is compounded annually 3. The first $5,500 deposit is made on December 31, 2020, and interest is compounded quarterly 4. The first $5,500 deposit is made on December 31, 2020, interest is compounded annually, and interest earned is withdrawn at the end of each year Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 The first $5,500 deposit is made on December 31, 2021, and interest is compounded annually. (Round your final answers to nearest whole dollar amount.) Table or calculator function Deposit Fund balance 12/31/2024

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