Points: 0 of 1 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 ts contents into a spreadshe Amount of annuity Interest rate Period (years) $53,000 7% 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 (1) and a(2). All else being identical, which type of annuity-ordinary or annuity due--is preferable? Explain why The present value of the ordinary annuity is $(Round to the nearest cent) Part 1 of 3 Points: 0 of 1 SIVO (Click on the con located on the top-right comer of the data table below in order to copy its contents into a spreadsheet) Amount of annuity Period (years) $53,000 7% 6 Interest rate that it is being identical, which type of annuity-ordinary or annully de-a proferable? Explain why and to the nearest cont.) Clear