1) You plan to buy a house in 13 years. You want to save money for a down payment on the new house. You are able to place $129 every month at the end of the month into a savings account at an annual rate of 10.58 percent, compounded monthly. How much money will be in the account after you made the last payment?

2) You plan to buy the house of your dreams in 11 years. You have estimated that the price of the house will be $82,009 at that time. You are able to make equal deposits every month at the end of the month into a savings account at an annual rate of 4.11 percent, compounded monthly. How much money should you place in this savings account every month in order to accumulate the required amount to buy the house of your dreams?