What are the two types of interest rates used in equivalence calculations?

The first question gives all the given values for the question I’m asking for. (The smaller question)

a. If you have a choice between depositing your $100 into an account that earns 7% simple interest for 5 years, or one that earns 6% compound interest for 5 years, which would you choose? Instructions: Enter your responses as whole numbers. After 5 years, your deposit in the 7% account would be worth $ After 5 years, your deposit in the 6% account would be worth $ Therefore, you should choose (Click to select) b. What if you were depositing your $100 for 20 years? Instructions: Enter your responses as whole numbers. After 20 years, your deposit in the 7% account would be worth $ After 20 years, your deposit in the 6% account would be worth $ Therefore, you should choose (Click to select)

Can any lump-sum amount be converted into a series of equal annual payments? How?