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James deposits $ 2 6 6 . 4 0 each month into an annuity account for his child's college fund in order to accumulate a

James deposits $266.40
each month into an annuity account for his child's college fund in order to accumulate a future value of $80,000
in 18
years. How much of the $80,000
will James ultimately deposit in the account, and how much is interest earned? Round your answers to the nearest cent, if necessary.

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