a.Calculate the present value of the annuity, assuming that it is

(1) An ordinary annuity.

(2) An annuity due.

Present value of an annuity

Amount of Annuity	Interest Rate	Deposit Per Years
43,000	6%	6

b.Compare your findings in parts a(1) and a(2).

a. (1) The present value of the annuity due is $_____________________ (Round to the nearest cennt

All else being identical, which type of annuity long dashordinary or annuity due long dashis referable as an investment? Explain why.

Present value of an annuity Amount of Annuity 43,000 Interest Rate 6% Deposit Per Years 6 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 long dashordinary or annuity due long dashis referable as an investment? Explain why. a. (1) The present value of the annuity due is $_____________________ $(Round to the nearest cent) . Please provide the Excel spreadsheet formula which shows me the computation of this