Complete the following assignment and submit your work to the dropbox. Before you upload your file, ensure your name appears on the top of every page of your document. 1. Investigate the effects of changing the payment and compounding frequency of an ordinary annuity. Use the TVM Solver to complete the following chart. Payment Payment Compounding Number of Interest Future Amount Frequency Frequency Payments Rate Value (per of Annuity annum) $1200 Annually Annually 10 9% $600 Semi-Annually Semi-Annually 20 9% $300 Quarterly Quarterly 40 9% $100 Monthly Monthly 120 9% $23.08 Weekly Weekly 520 9% $3.29 Daily Daily 3650 9% a) Verify that the total of all payments made is the same for each case. b) Does the future value increase by the same amount each time? Explain. c) Summarize the effect of changing the payment frequency on the future value of an annuity when all other conditions remain the same