FOR EACH CASE IN THE ACCOMPANYING TABLE, ANSWER THE QUESTIONS THAT FOLLOW:

Case Amount of Annuity Interest Rate Deposit Period (years) Ord. Ann. Ann. Due

19A $4,000 5% 18

20B $1,500 10% 10

21C $63,000 12% 8

22D $20,000 11% 9

23E $2,000 7% 11

Calculate the PRESENT value of each annuity assuming that it is

1- An Ordinary Annuity

2- An Annuity Due

24) Which annuities Ordinary or Due are preferable and why?