A local fumiture store is advertising a deal in which you buy a $3,100 dining room set and do not need to pay for fwo years (no interest cost is incurred). How much money would you have to deposit now in a savings account earning 4 percent APR, compounded monthly, to pay the $3.100 bill in two years? (Do not round intermediate calculations and round your final answer to 2 decimaf places.) How much would you have to deposit in the savings account each month earning 4 percent APR to be able to pay the bill? (Do not round intermediate calculations and round your final answer to 2 decimal ploces.)