Suppose you are going to receive $$15,500$ per year for five years. The appropriate interest rate is $11$ percent.

Requirement $1$:

a$)$ What is the present value of the payments if they are in the form of an ordinary annuity? $($Enter$-$rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to $2$ decimal places $($e$.$g$.,32\mathrm{.}16).)$

Present value

b$)$ What is the present value of the payments if the payments are an annuity due? $($Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to $2$ decimal places $($e$.$g$.,32\mathrm{.}16).)$

Present value

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Requirement $2$:

a$)$ Suppose you plan to invest the payments for five years. What is the future value if the payments are an ordinary annuity? $($Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to $2$ decimal places $($e$.$g$.,32\mathrm{.}16).)$

Future value

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b$)$ What is the future value if the payments are an annuity due? $($Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to $2$ decimal places $($e$.$g$.,32\mathrm{.}16).)$

Future value

Requirement $3$:

a$)$ Which has the higher present value, the ordinary annuity or annuity due?

$($Click to select$)$ Help me please i dont understand