pays an annual interest rate of 6% Annuities and compounding Personal Finance Problem Janet Boyle intends to deposit $300 per year in a credit union for the next 5 years, and the credit union a. Determine the future value that Janet will have in 5 years, given that end of period deposits are made and no interest is withdrawn, if (1) $300 is deposited annually and the credit union pays interest annually (2) 5150 is deposited somiannually and the credit union pays interest semiannually (3) $75 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) 15300 is deposited annually and the credit union pays interest annually, the future value that Janet will have at the end of 5 years is $ (Round to the nearest cent) Enter your answer in the answer box and then click Check Answer 3 Parts Clear All Check Answer remaining