Future value of an annuity???Using the values? below, answer the questions that follow.???(Click on the icon located on the? top-right corner of the data table below in order to copy its contents into a? spreadsheet.)

Amount of annuity= $8,500 Interest rate= 7% Deposit period? (years)= 7

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? identical, which type of annuity -ordinary or annuity due- is preferable as an? investment? Explain why.