compounded monthly

$($a$)$ What value did the expense reimbursement provision have when the contract was signed?

$($b$)$ What is the outstanding value of the reimbursement after the $12$th payment?

$($a$)$ The value was $

$($Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed$)$

$($b$)$ The outstanding value is $

$($Round to the nearest cent as Theeded Round all intermediate values to six decimal places as needed$)$