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$8,500 696 10 a. Calculate the future value of the annuity, assuming that it is (1) An ordinary annuity (2) An annuity due b. Compare
$8,500 696 10 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 dus is preferable as an investment? Explain why. a. (1) The future value of the ordinary annuity is $|| (Round to the nearest cont.)
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