Homework: Chapter 5-1 Score: 0 of 15 pts 1 13 of 15 (13 complete) X P5-21 (similar to) Time valueAnnuities Personal Finance Problem Marian Kirk wishes to select the better of two 8-year annuities. Annuity 1 is an ordinary annuity of $2,700 per year for 8 years. Annuity 2 is an annuity due of $2,570 per year for 8 years. a. Find the future value of both annuities at the end of year 8, 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 8 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 partc 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 a. The future value of Annuity 1 at 4% interest is $. (Round to the nearest cent.)