Homework: Chapter 5 Score: 0 o 1 pt 11 of 16 complete P5-20 (similar to) Present value of an annulty Consider the following case. (Click on the icon located on the top right comer of the data tuble below in order to copy the contenta into a pracht) Period years Amount of annuity $46,000 Interest rate 6% 14 - Calculate the prenent value of the annuity assuming that it is (1) An Ordinary annuity (2) An annuity due b. Compare your findings in parts (1) and (2). Al else being identical, which type of annun-ordinary or annuity duris preferable? Explain why The present value of the ordinary annuity is (Round to the nearest cont.)