For the following exercises, determine the value of the annuity for the indicated monthly deposit amount, the number of deposits, and the interest rate.
Rachael deposits $1,500 into a retirement fund each year. The fund earns 8.2% annual interest, compounded monthly. If she opened her account when she was 19 years old, how much will she have by the time she is 55? How much of that amount will be interest earned?