Question: The table below contains information on four different annuities. a) Calculate the future value of each annuity if it is i) An ordinary annuity ii)

The table below contains information on four different annuities. a) Calculate the future value of each annuity if it is i) An ordinary annuity ii) An annuity due b) Compare your findings. All else being identical, which type of annuityordinary annuity or annuity dueis preferable? Why? Part Annual CF Interest Rate Deposit Period (Years) A $1,000 3% 5 B $1,200 6% 8 C $6,000 8% 12 D $20,000 12% 15

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