. Your friend Anne is planning to invest $700 each year for four years and will earn a rate of 6 percent per year. Determine the future value of this annuity due if her first $700 is invested now....

. Your friend Anne is planning to invest $700
each year
for four years and will earn a rate of 6 percent per year.

1. 
   Determine the future value of this annuity due if her first $700 is invested now. Show your work.
   


2. 
   What is the difference between an annuity due and an ordinary annuity? Explain.