Question: Andrew deposits $ 3 0 6 . 0 6 each month into an annuity account for his child's college fund in order to accumulate a

Andrew deposits $306.06 each month into an annuity account for his child's college fund in order to accumulate a future value of $80,000 in 16 years. How much of the $80,000 will Andrew ultimately deposit in the account, and how much is interest earned? Round your answers to the nearest cent, if necessary.

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