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A corporation starts making monthly payments into a sinking fund in order to have $463,000 in 11 years, assuming an annual interest rate of 3.2%

A corporation starts making monthly payments into a sinking fund in order to have $463,000 in 11 years, assuming an annual interest rate of 3.2% compounded monthly. How much interest will be earned over the life of the fund? (Enter an answer correct to the nearest cent.).

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