Question: Jan also started saving for her retirement when she was 37. Each month she deposited $100.00 into an annuity that earns 5% compounded monthly. Assume

Jan also started saving for her retirement when she was 37. Each month she deposited $100.00 into an annuity that earns 5% compounded monthly. Assume the interest rate stays the same while the account is open. Round all answers to the nearest cent.

How much will be in the account when she turns 70?

Of the future account balance you calculated, how much will come from Jan's deposits?

How much interest, in total, will she earn?

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