Save Homework: HW #7- Chapter 5C Score: 0 of 4 pts P5-42 (similar to) 8 of 9 (6 complete) HW Score: 40%, 12 of 30 pts Question Help Annuities and compounding Personal Finance Problem Janet Boyle intends to deposit $220 per yoar in a credit union for the next 6 years, and the credit union pays an annual interest rate of 9% a. Determine the future value that Janet will have in 6 years, given that end of period deposits are made and no interest is withdrawn, il (1) $220 is deposited wally and the credit union pays interest annually (2) $110 is deposited semically and the credit union pays interest semiannually (3) $55 is deposited quarterly and the credit union pays interest quarterly b. Use your finding in part a tothscuss the effect of more frequent deposits and compounding of interest the future value of an annuity a. (1) $220 is deposited annually and the credit union puys interest annually the future value that Janet will have at the end of 6 years is $ (Round to the nearest cant)