Someone decides to invest $18,000 in a money market fund that guarantees a 5.9% annual interest rate compounded monthly for 7 years. A one-time fee of $86 is charged to set up the account. In addition, there is an annual administration charge of 1.2% of the balance in the account at the end of each year. (a) How much is in the account at the end of the first year? (b) How much is in the account at the end of the seventh year? (a) At the end of the first year, the account will have $17. (Do not round until the final answer. Then round to the nearest cent as needed.)