A local furniture store is advertising a deal in which you buy a $4,300 living room set with three years before you need to make any payments (no interest cost is incurred). How much money would you have to deposit now in a savings account earning 5 percent APR, compounded monthly, to pay the $4,300 bill in three years? (Do not round intermediate calculations and round your final answer to 2 decimal places.) How much would you have to deposit in the savings account each month 5 percent APR to be able to pay the bill? (Do not round intermediate calculations and round your finat answer to 2 decimal places.)