uture value of an annuity Using the values below, answer the questions that follow. (Click on the icon here in order to copy the contents of the data table elow into a spreadsheet.) Amount of annuity Interest rate Deposit period (years) $1,000 4% 12 a. Calculate the future value of the annuity, assuming that it is (1) An ordinary annuity (2) An annuity due b. Compare your findings in parts (1) and a(?). All else being identical, which type of annuity-ordinary or annuity due is preferable as an investment? Explain a. (1) The future value of the ordinary annuity is $(Round to the nearest cent)