FINN3043 003 Principles Save I 10/13/19 2:03 PM Homework: Chapter 5 Time Value of Money Score: 0 of 10 pts 9 of 15 (8 complete) P5-21 (book/static) HW Score: 32%, 32 of 100 pts Do Homework Question Help 0 Until your attempts are Time value Annuities Personal Finance Problem Marian Kirk wishes to select the botter of two 10-year annuities. Annuity 1 is an ordinary annuity of $2,600 per year for 10 years. Annuity 2 is an annuity due of $2,300 per year for 10 years. Name: a. Find the future value of both annuities at the end of year 10, assuming that Marian can earn (1) 6% annual interest and (2) 10% annual interest. b. Use your findings in part a to indicate which annuity has the greater future value at the end of year 10 for both the (1) 6% and (2) 10% interest rates.. G. Find the present value of both annuities, assuming that Marian can earn (1) 8% annual interest and (2) 10% annual interest d. Use your findings in partc to indicate which annuity has the greater present value for both the (1) 6% and (2) 10% interest rates. e. Briefly compare, contrast, and explain any differences between your findings using the 6% and 10% interest rates in parts b and d. Due: Last Worked: a. The future value of Annuity 1 at 6% interest is $ . (Round to the nearest cent.) Current Score: Attempts: Late Submission Penalty 2. Questions: 15 Incorrect: 3 Question 1 (3/3) Question 5 (0/8) Question 9(0/10) Question 13(0/3) Enter your answer in the answer box and then click Check Answer. A parts