Future value of an annuity Using the values below, answer the questions that follow (Click on the icon located on the top-right comer of the data table below in order to copy its contents into a spreadsheet.) Deposit period (years) Amount of annuity $1,000 Interest rate 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(t) and a2) All eise being identical, which type of annuity-ordinary or annuity due-is preferable as an investment? Explain why a- (1) The future value of the ordnary anmuity is (Round to the nearest cent) 2) The future value of the annuity due is (Round to the nearest cent.) b. Compare your findings in parts a(t) and a2) All eise being identical, which type of annuity is preferable as an investment? (Select the best answer below) O Ordimary annuity, bec ause it yields a greater future value O Annuity due, because it yields a greater future vallue. Cuck to select your answer(s)