Question: Q4. Using the values below, answer the questions that follow: (Imark) Amount of annuity: 5500 Interest rate: 9% N=10 years a) Calculate the future value

Q4. Using the values below, answer the questions that follow: (Imark) Amount of annuity: 5500 Interest rate: 9% N=10 years 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 paits au) and a[2). All else being identical, which type of nnnuity ordinary or annuity due is preferable as an investment? Explain why

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