i have 2 questions , in question 9, how to calculate monthly and is 1,300 cash flow or future value ? . Moreover in question 10, will Vincent buy car or not ?. thank you so much

9. Henry is interested in purchasing health insurance of Company A. He can choose to pay the yearly premium of $1,300 now or to pay monthly premium starting today. If the interest rate is 4.5% p.a. compounding monthly. How much is the monthly premium? (Correct to the nearest cent.) (3 marks) 10. Vincent wants to buy a yacht which costs him $60,000. If he starts to make yearly deposits of $10,000 today. Will he have enough money in 5 years if the interest rate is 6.5% p.a. compounding quarterty? Show your working to support your answer. (Correct to the nearest cent.)