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Future value of an annuity Using the values below, answer the questions that follow. (Click on the icon located on the top-right corner of the
Future value of an annuity Using the values below, answer the questions that follow. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Amount of annuity $9,500 Interest rate 9% Deposit period (years) 9 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 (1) and a 2). All else being identical, which type of annuity-ordinary or annuity dueis preferable as an investment? Explain why
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