Question $1$: You just won the grand prize in a debate contest! As your prize, you will receive $$500$ a month for $43$ months. If you can earn $8$ percent $($annually$)$ on your money, what is this prize worth to you today? Please use the PV formula. Rounded to $2$ decimal points

Question $2$: You just obtained a loan of $$12,628$ with monthly payments for four years at $5\mathrm{.}89$ percent interest, compounded monthly. What is the amount of each payment? $2$ decimal points.