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Time value-Annuities Personal Finance Problem Marian Kirk wishes to select the better of two 11-year annuities, C and D. Annuity C is an ordinary annuity of $2,600 per year for 11 years. Annuity D is an annuity due of $2,340 per year for 11 years. a. Find the future value of both annuities at the end of year 11, assuming that Marian can earn (1) 8% annual interest and (2) 16% annual interest. b. Use your findings in part a to indicate which annuity has the greater future value at the end of year 11 for both the (1) 8% and (2) 16% interest rates.. c. Find the present value of both annuities, assuming that Marian can earn (1) 8% annual interest and (2) 16% annual interest. d. Use your findings in part c to indicate which annuity has the greater present value for both the (1) 8% and (2) 16% interest rates. e. Briefly compare, contrast, and explain any differences between your findings using the 8% and 16% interest rates in parts b and d. a. The future value of Annuity C at 8% interest is $ (Round to the nearest cent.) The future value of Annuity D at 8% interest is $ (Round to the nearest cent.) The future value of Annuity C at 16% interest is $ (Round to the nearest cent.) The future value of Annuity D at 16% interest is $ (Round to the nearest cent.) b. Using your findings in part a, which annuity has the greater future value at the end of year 11 at 8% interest? (Select the best answer below.) A. Annuity D B. Annuity C Using your findings in part a, which annuity has the greater future value at the end of year 11 at 16% interest? (Select the best answer below.) A 'B. Annuity C Annuity D c. The present value of Annuity C at 8% interest is s (Round to the nearest cent.) The present value of Annuity D at 8% interest is $ (Round to the nearest cent.) The present value of Annuity C at 16% interest is $ (Round to the nearest cent.) The present value of Annuity D at 16% interest is $ (Round to the nearest cent.) d. Using your findings in part c, which annuity has the greater present value at the end of year 11 at 8% interest? (Select the best answer below.) A. Annuity C B. Annuity D Using your findings in part c, which annuity has the greater present value at the end of year 11 at 16% interest? (Select the best answer below.) A. Annuity C B. Annuity D e. Briefly compare, contrast, and explain any differences between your findings using the 8% and 16% interest rates in parts b and d. (Select the best answer from the drop-down menus.) present value at 8% than Annuity D with an annual payment of $2,340 made at the beginning of the year. When the rate is to 16% the shorter period of time to discount at the rate results in a value for Annuity C, with an annual payment of $2,600 made at the end of the year, has a Annuity D, despite the payment

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