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Present value of an annuity Consider the following case. (Click on the icon located on...

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Present value of an annuity Consider the following case. (Click on the icon located on the top right corner of the date table below in order to copy its contents into spreadsheet.) Amount of annuity Interest rate Period (years) $47.000 4% 8 a. Calculate the present value of the annuity assuming that it is (1) An ordinary annuity, (2) An annuity due b. Compare your findings in parts (1) and (2) Alle being identical, which type of annuity-ordinary or annut dupa preferable? Explain why, The procent value of the ordinary annuity in $. (Round to the nearest cont) The present value of the writy duo in s (Round to the roarent cont) b. Compare your findings in parto (1) and a(z). All else being idention, which type of annuity is preferable? (Select the best anwwer below) Ordinary annuity, because alls being identical, it will yield a higher present value Annuity due, because all else being identical, it will yield a higher prosent value

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