Future Value of an Annuity For each case in the accompanying table, answer the questions that follow:

Case	Annuity Payment		Interest Rate	Annuity Length (years)
A	$2,500		8%	10
B	$500		12%	6
C	$30,000		20%	5
D	$11,500		9%	8
E	$6,000		14%	30

Question A

Calculate the future value of annuity, assuming that it is (1) an ordinary annuity (2) an annuity due

Question B

Compare your findings in parts A (1) and A(2). All else being identical, which type of annuity-ordinary or annuity due-is preferable? Explain why.