do both please for a thumbs up

You have a loan outstanding. It requires making seven annual payments of $1,000 each at the end of the next seven years. Your bank has offered to allow you to skip making the next six payments in lieu of making one large payment at the end of the loan's term in seven years. If the interest rate on the loan is 8%, what final payment will the bank require you to make so that it is indifferent to the two forms of payment? You plan to deposit $700 in a bank account now and $600 at the end of the year. If the account earns 7% interest per year, what will be the balance in the account right after you make the second deposit