Annuities and compounding Personal Finance Problem Janet Boyle intends to deposit ?$300 per year in a credit union for the next 6 ?years, and the credit union pays an annual interest rate of 6?%.
a. Determine the future value that Janet will have at the end of 6 ?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 withdrawn, if ?(1)?$300 is deposited annually and the credit union pays interest annually.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) ?$150 is deposited semiannually and the credit union pays interest semiannually.
?(3) ?$75is deposited quarterly and the credit union pays interest quarterly.