Do Homework - Chapter 5-1 - Google Chrome o Untitled - Notepad File Edit Format View Help Score: 0 of 3 pts 11 of 15 (0 complete) HW Score: 0%, 0 of 63 pts P5-19 (similar to) Question Help Future value of an annuity Using the values below, answer the questions that follow. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Amount of annuity $9,000 Interest rate 9% Deposit period (years) 8 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 a (1) and a(2). All else being identical, which type of annuity-ordinary or annuity dueis preferable as an investment? Explain why. a. (1) The future value of the ordinary annuity is $. (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer. parts remaining Clear All Check Answer 11 Type here to search o e o 2:05 PM 3/13/2021 - Do Homework - Chapter 5-1 - Google Chrome o Untitled - Notepad File Edit Format View Help Score: 0 of 3 pts 12 of 15 (0 complete) HW Score: 0%, 0 of 63 pts P5-20 (similar to) Question Help Present value of an annuity Consider the following case. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Amount of annuity $36,000 Interest rate 7% Period (years) 3 a. Calculate the present value of the annuity 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 being identical, which type of annuity-ordinary or annuity dueis preferable? Explain why. The present value of the ordinary annuity is $1. (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer. parts remaining Clear All Check Answer 11 Type here to search o e 2:05 PM 3/13/2021