The a ted to reach a balance of $55.000 in 12 years Payments made the beginning of every month To provide for expansion, a company has established a s ingfund earning 5% more (a) What is the size of the periodic payment? (b) What is the accumulated balance at the end of payment period 167 (a) The size of the periodic payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed) (b) The accumulated balance is (Round the final a wer to the nearestent as needed. Round all intermediate values to be domaces as needed.)