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Use the values in the chart below to assist with calculations: a. Calculate the future value of theannuity, assuming that it is (1) An ordinary

Use the values in the chart below to assist with calculations:

a.Calculate the future value of theannuity, assuming that it is

(1) An ordinary annuity.

(2) An annuity due.

b.Compare your findings in parts a(1) and a(2). All else beingidentical, which type of annuity: ordinary or annuity dueis preferable as aninvestment?

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