Kenneth was supposed to make a payment of $$3,250$ in $1$ year and another payment for $$1,000$ in $8$ years to Maroon Inc. as part of a payment plan. Instead, he is trying to reach an agreement with the company where he would settle both payments in $5$ years. Assume that money is worth $4\mathrm{.}37\%$ compounded semi$-$annually.

a$.$ Calculate the equivalent value of the $$3,250$ payment and the $$1,000$ payment today.

$$0\mathrm{.}00$

Round to the nearest cent

b$.$ Calculate the size of the payment required in $5$ years to settle the amount.

$$0\mathrm{.}00$

Round to the nearest cent