Time value Annuities Personal Finance Problem. Marian Kirk wishes to select the better of two 12 -year annutios. Annuity 1 is an ordinary annuity of $2,700 per yoar for 12 years. Annuity 2 is an annuity due of $2,470 per year for 12 years. a. Find the future value of both annueties at the end of year 12, assuming that Marian can earn (1) 8% annoul interest and (2) 16% annual interest. b. Use your findings in part a to indicate which annuity has the greater future value at the end of year 12 for both the (1) 8% and (2) 16% interest fates. c. Find the present value of both anmuties, assuming that Marian can eam (1) 8% annual interest and (2) 16% annuat interest. d. Use your findings in part c to indicate which annuity has the greater present value for both the (1) 8% and (2) 16% interest rates. e. Briefly compare, contrast, and explain any differences between your findings using the 8% and 16% interest rates in parts b and d. a. The fulure value of Annulty 1 at 8% interest is ? (Round to the nearest cent.)