Question: Future value of an annuity Using the values below, answer the questions that follow. (Click on the icon here in order to copy the contents

Future 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 datatable below into a spreadsheet.) Amount of annuity Interest rate Deposit period (years) 53,000 9% 11 the eve of the ordinary ruly (Round to the nearest cent) 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 (2) All else being identical, which type of annulty-ordinary or annulty dues preferable as an Investment Explain why (1) The value of the ordinary annuity (Round to the nearest cent.)
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