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- Briefly explain the difference between Present value Annuity Due and Deferred Annuity [ explanation is required not the equation] A- B I1. What is an annuity and how does it differ from a perpetuity? Discuss the difference between an ordinary annuity and an annuity due. Please answer this question in detail.Direction: Write ORDINARY if the problem displays an ordinary annuity and GENERAL if it displays General annuity. Write the answer on the blank before the number
- Present value of an annuity Consider the following cases. Case Annuity payment A $ B C D E 12,000 55,000 700 140,000 22,500 Interest rate 7% 12 20 5 10 Annuity length (years) 3 15 9 7 5 a. Calculate the present value of the annuity, assuming that it is (1) An ordinary annuity. (2) An annuity due.General Annuity 1. Differentiate General Annuity and General Ordinary Annuity?2. What is a General Ordinary Annuity?3. Express the process in finding the Present and future value of Generalordinary annuity.4. What is the formula in finding the Fair Market Value?5. Express the process in finding the Fair Market Value.Explain how the future value of an ordinary annuityinterest table is converted to the future value of an annuitydue interest table.