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Amount of Annuity Interest Rate Deposit Period (Years) $6,000 9% 10 a. Calculate the future value of the annuity, assuming that it is (1) An

Amount of Annuity	Interest Rate	Deposit Period (Years)
$6,000	9%	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 annuityordinary or annuity dueis preferable as an investment? Explain why.

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