What is the difference in interest that you will earn between the following annuities. Annuity 1: Payments of $500 are made at the beginning of every month for 12 years at 6% interest compounded monthly. Annuity 2: Payments of $500 are made at the end of the month for 12 years at 6% compounded monthly. Use the last page of your workbook to help you solve this problem. 52.54 5,253.81 525.38 there is no difference