E Homework: Chapter 5 Homework 2.0 Question 6, P5-20 (simila... Part 1 of 3 HW Score: 0%, 0 of 9 points O Points: D of 1 0 Save Present value of an annulty 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.) Period (years) Amount of annulty $17,000 Interest rate 6% 15 a. Calculate the prosent value of the annuity assurning 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 dus yields a higher present value? Explain why. The present value of the ordinary annuity is $- (Round to the nearest cent.) Help Me Solve This View an Example Get More Help Clear All Check