Fred, Beth and Jonas all graduated from DSU in 1985. Fred went into commercial aviation, Beth went to law school and became a partner in one of the states largest firms and Jonas started a dry cleaning business that he later franchised. They had all been friends during and after their college years and when they returned to campus for their 25 year reunion they decided to individually set up annuities to endow scholarships at Delta State in 10 years. Each would fund $10,000 annually to their individual proposed endowments. Fred took his year end bonus and put it into an annuity paying 5% interest. Beth took $10,000 from her January 1 partners distribution and put it into an annuity paying the same 5% rate of interest. Jonas went to meet with his investment advisor and told him that he intended to use $10,000 of his year end franchise fees to invest in an annuity paying 5%, but wanted an investment with a quarterly compounding of interest. 28. What was Fred's endowment check to DSU at the 2020 (10 year) Alumni gathering? Edit View Insert Format Tools Table 29. What was Beth's? 30. What was Jonas'? 31. Which of the 3 was effective? And which was effecient?