Future value of an annuity for each case in the accompanying table, answer the questions that follow.

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 annuity$-$ordinary or annuity due is preferable? Explain why.Future value of an annuity For each case in the accompanying table, answer the

questions that follow.

a$.$ Calculate the future valuc 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 annuity$-$ordinary or annuity duc$-$is preferable? Explain why.