Time valueAnnuities Personal Finance Problem Marian Kirk wishes to select the better of two 7-year annuities, C and D. Annuity C is an ordinary annuity of $2,850 per year for 7 years. Annuity D is an annuity due of $2,460 per year for 7 years. a. Find the future value of both annuities at the end of year 7, assuming that Marian can earn (1) 12% annual interest and (2) 24% annual interest. b. Use your findings in part a to indicate which annuity has the greater future value at the end of year 7 for both the (1) 12% and (2) 24% interest rates. c. Find the present value of both annuities, assuming that Marian can earn (1) 12% annual interest and (2) 24% annual interest. d. Use your findings in part c to indicate which annuity has the greater present value for both the (1) 12% and (2) 24% interest rates. e. Briefly compare, contrast, and explain any differences between your findings using the 12% and 24% interest rates in parts b and d