Question: When Dan signed a two your contract as a manager, the company lowed reimbursement of $520 at the end of every month for his car

When Dan signed a two your contract as a manager, the company lowed reimbursement of $520 at the end of every month for his car expenses. Al the time the cost was signed, money was worth 100% compounded monthly (a) What value did the expense rembursement provision have when the contract was signed? (b) What is the outstanding value of the reimbursement after the 20th payment? (a) The value was 55 (Round to the nearest cont as needed. Round all intermediate values to six decimal places as needed) (b) The outstanding value is $6 (Round to the nearest cent as needed Round all intermediate values to six decimal places as needed)

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