When Dan signed a two-year contract as amanager, the company allowed reimbursement of $390 at the end of every month for his car expenses. At the time the contract wassigned, money was worth 4.44% compounded monthly.

(a) What value did the expense reimbursement provision have when the contract wassigned?

(b) What is the outstanding value of the reimbursement after the 18th payment?

(a) The value was $_____

.

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

(b) The outstanding value is $____

.

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