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I don't understand this. Please thoroughly explain. Im trying to complete with paper and pencil. Please fully explain how I show calculate not understanding how.

I don't understand this. Please thoroughly explain. Im trying to complete with paper and pencil. Please fully explain how I show calculate not understanding how. P5-22 Present value of an annuity Consider the following cases.
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 a(1) and a(2). All else being identical, which type of annuity-
ordinary or annuity due-is preferable? Explain why.Carry all calculations to two decimal places to reduce rounding error, especially in multistep problems.
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