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Cyrus deposits $233.57 each month into an annuity account for his child's college fund in order to accumulate a future value of $60,000 in

Cyrus deposits $233.57 each month into an annuity account for his child's college fund in order to accumulate a future value of $60,000 in 16 years. How much of the $60,000 will Cyrus ultimately deposit in the account, and how much is interest earned? Round your answers to the nearest cent, if necessary. Formulas

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