Time value-Annuiies Personal Finance Problem Marian Kirk wishes to select the better of two 12-year annuities. Annuity 1 is an ordinary annuity of $1,850 per year for 12 years. Annuity 2 is an annuity due of $1,770 per year for 12 years. a. Find the future value of both annuities at the end of year 12, assuming that Marian can earn (1) 4% annual interest and (2) 8% 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) 4% and (2) 8% interest rates. C. Find the present value of both annuities, assuming that Marian can earn (1) 4% annual interest and (2) 8% annual interest d. Use your findings in part c to indicate which annuity has the greater present value for both the (1) 4% and (2) 8% interest rates e. Briefly compare, contrast, and explain any differences between your findings using the 4% and 8% interest rates in parts b and d