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Future value of an annuity Using the values below, answer the questions that follow. (Click on the icon here p in order to copy the contents of the data table below into a spreadsheet.) a. Calculate the future value of the annuity, assuming that it is (1) An ordinary annuity. (2) An annuity due. b. Compare your findings in parts a(1) and a(2). All else being identical, which type of annuity-ordinary or annuity due-is preferable as an investment? Explain why. a. (1) The future value of the ordinary annuity is $ (Round to the nearest cent.).

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Future value of an annuity Using the values below, answer the questions that follow. (Click on the icon here p in order to copy the contents of the data table below into a spreadsheet.) a. Calculate the future value of the annuity, assuming that it is (1) An ordinary annuity. (2) An annuity due. b. Compare your findings in parts a(1) and a(2). All else being identical, which type of annuity-ordinary or annuity due-is preferable as an investment? Explain why. a. (1) The future value of the ordinary annuity is $ (Round to the nearest cent.)

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