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James deposits $340.16 each month into an annuity account for his child's college fund in...

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Accounting

James deposits $340.16 each month into an annuity account for his child's college fund in order to accumulate a future value of $60,000 in 12 years. How much of the $60,000 will James ultimately deposit in the account, and how much is Interest earned? Round your answers to the nearest cent, if necessary.

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