1. The purchase of a car requires a $25,000 loan to be repaid in monthly installments for four years at 9% interest compounded monthly. If the general inflation rate is4%

compounded monthly, find the actual- and constant-dollar value of the 20th payment. The actual-dollar value of the 20th payment is $______(Round to the nearest dollar.) The constant-dollar value of the 20th payment is $_____(Round to the nearest dollar.)