P5-19 Future value of an annuity For each case in the accompanying table, answer the questions that follow. Case ADCDE Annuity payment $ 2,500 500 30,000 11,500 6,000 Interest rate 8% 12 20 9 14 Annuity length (years) 16580 30 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,hich type of annuity-ordinary or annuity due-is preferable? Explain why.

P5-19 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, Nyich ng of annuity-ordinary or annuity due-is preferable? Explain why