P5-42 (similar to) Question Help Annuities and compounding Personal Finance Problem Janet Boyle intends to deposit $360 per year in a credit union for the next 8 years, and the credit union pays an annual interest rate of 9% a. Determine the future value that Janet will have in 8 years, given that end-of-period deposits are made and no interest is withdrawn, it 12) $180 is deposited semiannually and the credit union pays interest semiannualy. (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 a. (1) $360 is deposited annually and the credit union pays interest annually. the future value that Janet will have at the end of 8 years is $(Round to the nearest cent) Enter your answer in the answer box and then click Check Answer 3 parts Clear All CHA remaining