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  3. a. calculate the future value of the annuity, assu

a. Calculate the future value of the annuity, assuming that it is (1) An ordinary...

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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 parts a(1) and a(2). All else being identical, which type of annuity-ordinary or annuity due-is preferable as an investment? Explain why. a. (1) The future value of the ordinary annuity is $ (Round to the nearest cent.)

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