Future value of an annuity Using the values below, answer the questions that follow. (Click...
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Future value of an annuity Using the values below, answer the questions that follow. (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Deposit period (years) Amount of annuity $3,500 Interest rate 7% (1) An ordinary annuity a. Colculate the future value of the annuity, anuming that it is (2) An annuity due b. Compare your findings in parts a(t) and a(2) All else being dertical, which type of annuity--ordinary or annuity dueis preferable as an investment? Explain why. a. (1) The future value of the ordinary annuity is $ (Round to the nearest cont.) erk STO
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