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Find the future value of the following annuity due. Then determine how much of this value is from contributions and how much is from interest.
Find the future value of the following annuity due. Then determine how much of this value is from contributions and how much is from interest. $250 deposited at the beginning of each month for 14 years at 6.36% compounded monthly.
a. The account will have a total of $____ after 14 years.
(Round to the nearest cent as needed.)
b. How much of this is from contributions?
(Round to the nearest cent as needed.)
c. How much of this is from interest?
(Round to the nearest cent as needed.)
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