What is the future value of this deposit. (It will be compounded eight times.) (d) Do the same for the rest of the deposits: (e) How much money will

What is the future value of this deposit. (It will be compounded eight times.) (d) Do the same for the rest of the deposits: (e) How much money will be in Amy"s account on June 1, 2009? 3. Bruce starts an ordinary annuity to save for retirement. At the end of each month, $450 automatically is deducted from his paycheck and put in the annuity, which earns 8% interest, compounded monthly. He will do this for the next thirty-five years. (a) What is the future value of the annuity? (b) How much of the future value is Bruce"s contribution? (c) How much of the future value is interest? 4. Sally starts an annuity due to save for retirement. She would like $1 million in her annuity by the time she retires, forty years from now. Her annuity earns 6% interest, compounded monthly. (a) How large should her monthly payment be? (b) How much of the future value is Sally"s contribution? (c) How much of the future value is interest? 5. Hank starts an ordinary annuity to save for his dau