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) $42,000 12% 10 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 (2). Al else being Identical, which type of annuity-ordinary or annuity dues preferable? Explain why. GEL The present value of the ordinary annuity in (Round to the nearest cont.)