Wiseman Video plans to make four annual deposits of $2,000 each to a special building fund. The funds assets will be invested in mortgage instruments expected to pay interest at 12% on the funds balance. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Determine how much will be accumulated in the fund on December 31, 2024, under each of the following situations. 1. The first $2,000 deposit is made on December 31, 2021, and interest is compounded annually. 2. The first $2,000 deposit is made on December 31, 2020, and interest is compounded annually. 3. The first $2,000 deposit is made on December 31, 2020, and interest is compounded quarterly. 4.The first $2,000 deposit is made on December 31, 2020, interest is compounded annually, and interest earned is withdrawn at the end of each year.

Required 1 Required 2 Required 3 Required 4 The first $2,000 deposit is made on December 31, 2021, an nearest whole dollar amount.) Table or calculator function: FVA of $1 Deposit: $ 2,000 n = 4 II 12% Fund balance 12/31/2024: $ 9,559 Required 1 Required 2 Required 3 Required 4 The first $2,000 deposit is made on December 31, 2020, a nearest whole dollar amount.) Table or calculator function: FVA of $1 Deposit: $ 2,000 n 4 i = 12% 9,559 Fund balance 12/31/2024: $ Required 1 Required 2 Required 3 Required 4 The first $2,000 deposit is made on December 31, 2020, and interest is compounded quarterly. (Round your final answers to nearest whole dollar amount.) i = n= Fund Balance 12/31/2024 $ Deposit Date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 Deposit 2,000 2,000 2,000 2,000 $ 0 Required 1 Required 2 Required 3 Required 4 The first $2,000 deposit is made on December 31, 2020, interest is compounded annually, and interest earned is withdrawn at the end of each year. Deposit No. of Interest left in Fund Balance Amount Payments Fund 12/31/2024 2,000 $