Assignment Questions: Q.1 Using the values below, answer the questions that follow: (1 Mark) Amount of annuity: $500 Interest rate: 9% N=10 years Calculate the future value of the annuity, assuming that it A B a) is (1) (2) An ordinary annuity. An annuity due. b) Compare your 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