Jennifer's pension plan is an annuity with a guaranteed return of $6\%$ per year $($compounded monthly$).$ She can afford to put $$300$ per month into the fund, and she will work for $40$ years before retiring.

How much money $($in dollars$)$ has accumulated when Jennifer retires? $($Round your answer to the nearest cent.$)$

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If Jennifer's pension is then paid out monthly based on a $20-$year payout, how much $($in dollars$)$ will she receive per month? $($Round your answer to the nearest cent.$)$

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