I am not sure which of those tables I need to use, is it FVAD or FVA or PV???

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Wiseman Video plans to make four annual deposits of $3,500 each to a special building fund. The fund's assets will be invested in mortgage instruments expected to pay interest at 12% on the fund's 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 $3,500 deposit is made on December 31, 2021, and interest is compounded annually. 2. The first $3,500 deposit is made on December 31, 2020, and interest is compounded annually. 3. The first $3,500 deposit is made on December 31, 2020, and interest is compounded quarterly. 4. The first $3,500 deposit is made on December 31, 2020, interest is compounded annually, and interest earned is withdrawn at the end of each year. Complete this question by entering your answers in the tabs below. Wiseman Video plans to make four annual deposits of $3,500 each to a special building fund. The fund's assets will be invested in mortgage instruments expected to pay interest at 12% on the fund's 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 $3,500 deposit is made on December 31, 2021, and interest is compounded annually. 2. The first $3,500 deposit is made on December 31, 2020, and interest is compounded annually. 3. The first $3,500 deposit is made on December 31, 2020, and interest is compounded quarterly. 4. The first $3,500 deposit is made on December 31, 2020, interest is compounded annually, and interest earned is withdrawn at the end of each year. Complete this question by entering your answers in the tabs below.

Answer rating: 100% (QA)

Answer 1 The first deposit is made on December 31 2021 and interest is ... View the full answer