Question: Future value of an annuity Using tio values below, answor the questions that follow. (Click on the ioon here 0 in order to copy the

 Future value of an annuity Using tio values below, answor the

Future value of an annuity Using tio values below, answor the questions that follow. (Click on the ioon here 0 in order to copy the contents of the data tabla bolow into a spreadsheot.) a. Calculate the future value of the annuly, assuming that it is (1) An ordinary annwity. (2) An anculy duo. b. Compare your findings in parts a(1) and a(2). All else being identical, Which type of annuty-ordinary or annusy due - is proferable as an mvestment? Explain why. a. (1) The luture valuo of the ordinary annuity is \& (Round to the nearest cent)

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