1. A. Amazon would like to purchase a building costing $900,000 by paying $261,002 cash on the purchase date and agreeing to make equal payments every three months for the next five years. The first payment is due three months after the purchase date. Amazon's loan has an 8% interest rate. What is the amount of Amazon's monthly payment? This question will accept as correct any value within $2 of the correct answer.

B. Vlada is planning on attending UW and is getting help from her grandparents with school. They agree to give her $13,053 today, $8,035 in one year, and $18,389 in two years. The interest rate 4%. What is the present value of these payments? Round your final answer to the nearest two decimal places.