Present value of an annuity Consider the following case. (Cick on the icon here in order to copy the contents of the data table below into a spreadsheet) Amount of annuity Interest rate Period (years) $50,000 8% 5 a Cote the present value of the annuity assuming that is (1) An ordinary annuity An annuity due b. Compare your findings in parts (1) and 2). Alles being identicat, which type of annuity ordinary or annuity dues preferable? Explain why