Question: please help Future value of an annuity Using the values below, answer the questions that follow. (Click on the icon located on the top right
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 datatable below in order to copy its contents into spread Amount of annuity Interest rate Deposit period years) $9.000 a. Calculate the future value of the annually, assuming that it is (1) An ordinary annuity (2) An annuity due b. Compare your findings in parts (1) and (2). Al else being identical, which type of annuity-ordinary or annuity due--s preferable as an investment? Explain why .. (1) The future value of the ordinary annuity is $(Round to the nearest cont) (2) The future value of the annuity due la s (Round to the nearest cont.) b. Compare your findings in parts (1) and (2). All else being identical which type of annuity is preferable as an investment? (Select the best anawer below) Ordinary annuity, because it yields a greater future value Annuity due, because it yields a greater future value
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