Janet Boyle intends to deposit $ 360 per year in a credit union for the next 7 years, and the credit union pays an annual interest rate of 9%.

Determine the future value that Janet will have at the end of 7 given that end-of-period deposits are made and no interest is withdrawn, if

(1) $ 360 is deposited annually and the credit union pays interest annually.

(2) $ 180 is deposited semiannually and the credit union pays interest semiannually

(3) $ 90 is deposited quarterly and the credit union pays interest quarterly

.B)Use your finding in part a to discuss the effect of more frequent deposits and compounding of interest on the future value of an annuity.