You must show work $($using the formulas from class where applicable$)$ to receive credit.

$18.(10$ pts$)$ In order to withdraw $$1100$ per month for $2$ years, you plan to make monthly deposits into an account earning $7\mathrm{.}294\%$ interest compounded monthly for $4$ years beforehand.

$($a$)$ How much money will have to be in the account in order to be able to withdraw $$1100$ per month for $2$ years? Round your final answer to $2$ decimal places.

$($b$)$ How much do you need to deposit each month, for $4$ years, to accumulate the amount from part $($a$)?$ Round your final answer to $2$ decimal places.