3a.A commercial bank will loan your client $93,066 for 10 years to buy a boat. The loan must be repaid in equal monthly payments at the end of the month. The annual interest rate on the loan is 3.48 percent of the unpaid balance compounded monthly. What is the amount of the monthly payments? Round the answer to two decimal places.

2e.You have accumulated some money for your retirement. You are going to withdraw $84,161 every year at thebeginningof the year for the next 22 years starting from today. How much money have you accumulated for your retirement? Your account pays you 18.07 percent per year, compounded annually. To answer this question, you have to find the present value of these cash flows. Round the answer to two decimal places.