Lisa will join a company and sign a brand-new contract. The contract states that she will receive $14,500,000 per year for five years. The appropriate interest rate is 7.1%.

a. What is the present value of the payments if:

- The payments are in the form of an ordinary annuity.

- The payments are an annuity due.

b. Suppose Lisa wants to invest the payments for five years in an emerging market. What is the future value of her investment if:

- The payments are an ordinary annuity.

- The payments are an annuity due.

Can you please give me explaination so i can redo it later thanks.