Question: Richard has enrolled in a 401(k) saving plan. He intends to deposit $259 each month; his employer does not contribute to his account. If his

Richard has enrolled in a 401(k) saving plan. He intends to deposit $259 each month; his employer does not contribute to his account.

If his account pays 3.5% annually.

His account pays 3.5% annually. He plans to retired in 35 years.

Find how much he put into the account over the 35 years.

Find how much will be in his account in 35 years.

How much interest did he earn in his account over the 35 years?

Round your answer to the nearest cent.

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