Future value of an annuity Using the values below, answer the questions that follow. (Click on the icon located on the top-right come the data table below in order to copy its contents into a spreadsheet.) Amount of annuity S3,500 interest rate 11% Deposit period (years) 9 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 identic al, which type of annuity ordinary or annuity due -is preferable as an investment? Explain why a. (1) The future value of the ordinary annuity is (Round to the nearest cent) (2) The future value of the annuity due iss (Round to the nearest cent) best answer below) being identic al, which type of annuity is preferable as an investment? (Select the 0 O Ordinary annuity, because it yields a greater future value Annuity due, because it yields a greater future value