have Present value of an annuity Consider the following case. (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 Interest rate Period (years) $39,000 6% 6 a. Calculate the present 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 duo-is preferable? Explain why PP