Exercise $5-12($Algo$)$ Future value; annuities $[$LO$5-7]$

A company plans to make four annual deposits of $$4,000$ 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.

Note: Use tables, Excel, or a financial calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

Required:

Determine how much will be accumulated in the fund after four years under each of the following situations:

The $$4,000$ annual deposit are made at the end of each of the four years and interest is compounded annully.

The $$4,000$ annual deposit are made at the beginning of each of the four years and interest is compounded annually.

The $$4,000$ annual deposit are made at the beginning of each of the four years and interest is compounded quarterly.

The $$4,000$ annual deposit are made at the beginning of each of the four years interest is compounded annually, and interest earned is withdrawn at the end of each year.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.

Required $2$

Required $3$

Required $4$

The $$4,000$ annual deposits are made at the beginning of each of the four years interest is compounded annually, and interest earned is withdrawn at the end of each year.

$\backslash$table$[[\backslash$table$[[$Deposit$],[$Amount$]],\backslash$table$[[$Number of$],[$Payments$]],\backslash$table$[[$Interest left in$],[$Fund$]],$Fund Balance$],[$$$,4,000,,]]$