Suppose you are going to receive $$12,500$ per year for five years. The appropriate interest rate is $7\mathrm{.}4$ percent.

a$-1$

What is the present value of the payments if they are in the form of an ordinary annuity? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Present value $

a$-2$

What is the present value if the payments are an annuity due? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Present value $

b$-1$

Suppose you plan to invest the payments for five years. What is the future value if the payments are an ordinary annuity? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Future value $

b$-2$

Suppose you plan to invest the payments for five years. What is the future value if the payments are an annuity due? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Future value $