Question: Please Use your keyboard ( Don't use handwriting ) Thank you.. I need new and unique answers , please. ( Use your own words, don't

Please Use your keyboard (Don't use handwriting) Thank you..

I need new and unique answers, please. (Use your own words, don't copy and paste)

Q4. Using the values below, answer the questions that follow: (1mark)

Amount of annuity: $500

Interest rate: 9%

N=10 years

  1. Calculate the future value of the annuity, assuming that it is
    1. An ordinary annuity.
    2. An annuity due.
  1. Compare your findings in parts a(1) and a(2). All else being identical, which type of annuityordinary or annuity dueis preferable as an investment? Explain why.

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