a. Calculate the present 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 annulty due-is preferable? Explain why. The present value of the ordinary annuty is 5 (Round to the nearest cent.) The present value of the annuily dun is 5 (Round to the nearest cent.) b. Compare your findings in parts a(1) and a(2). All else being identical, which type of annuity is preferable? (Select the best answer below.) Ordinary annuity, because all else being identical, it wil yeld a higher present value. Arnuity due, because all olse being identical, it will yield a higher present value