Wiseman Video plans to make four annual deposits of $6,500 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.)

Using the appropriate annuity table, determine how much will be accumulated in the fund on December 31, 2019, under each of the following situations.

1. The first deposit is made on December 31, 2016, and interest is compounded annually Table or calculator function Payment: Fund balance 12/31/2019 2. The first deposit is made on December 31, 2015, and interest is compounded annually Table or calculator function: Payment: n= Fund balance 12/31/2019: 3. The first deposit is made on December 31, 2015, and interest is compounded quarterly Using the FV of $1 chart, calculate the fund balance: Deposit Date Fund Balance 12/31/2019 Deposit 12131/2015 12/31/2016 12/31/2017 12/31/2018 6,500 6,500 6,500 6,500