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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 withdrawn, if ?(1)?$300 is deposited annually and the credit union pays interest annually.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.

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Financial Management, Finance

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