1)Please find out how much money the business invest today to get the future project benefit $5000 after 7 years if interest is 4.88% p.a compound monthly?

2)ABC business is due to make a payment $1000 to bank for the project borrowing now. Instead, the business has negotiated two equal payments, one year and two years from now. Please decide the size of the equal payments if the money is worth 8% compounded quarterly.