Question $1$: You just won the grand prize in a debate contest! As your prize, you will receive $$566$ a month for $49$ months. If you can earn $6$ percent $($annually$)$ on your money, what is this prize worth to you today?

Question $2$: You just obtained a loan of $$16,418$ with monthly payments for four years at $5\mathrm{.}31$ percent interest, compounded monthly. What is the amount of each payment?