Question: Future value of an annulty Using the values below, answer the questions that follow. (Click on the con here in order to copy the contents
Future value of an annulty Using the values below, answer the questions that follow. (Click on the con here in order to copy the contents of the data table below into a spreadsheet) Amount of annuity Interest rate Deposit period (years) $4,000 6% a. Calculate the future value of the annuity, osuming 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 annuity-ordinary or annuity duo-is preferable as an investment? Explain why 11 a. (1) The future value of the ordinary annuity is $ - (Round to the nearest cent.)
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