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Using the values below, answer the questions that follow. Calculate the future value of the annuity, assuming that it is An ordinary annuity. An annuity

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Using the values below, answer the questions that follow. Calculate the future value of the annuity, assuming that it is An ordinary annuity. An annuity due. Compare you findings in parts a(1) and a(2). All else being identical, which type of annuity-ordinary or annuity due-is preferable as an investment? Explain why The future value of the ordinary annuity is. (Round to the nearest cent). The future value of the annuity due is. (Round to the nearest cent.) Compare your findings in (1) and a(2). All else being identical which type of annuity is preferable as an investment? Annuity due, because it yields a greater than future value. Ordinary annuity, because it yields a greater future value

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