1.) Suppose an account pays 13% simple annual interest, and $6,506 is deposited into the account. If the interest is paid monthly and no money is withdrawn from the account since the initial deposit, find the balance in the account after 13 months. Round answer to two digits after the decimal point.

2.) Suppose I need to borrow $1,756 from my neighbor The Saver. The Saver charges 121% simple annual interest rate and I have to pay the principal plus interest off in 16 equal monthly payments. How much will be the monthly payment amount? Round answer to two digits after the decimal point.