New parents wish to save for their newborn's education and wish to have $55,000 at the end of 17 years. How much should the parents place at the end of each year into a savings account that earns an annual rate of 5.9% compounded annually? (Round your answers to two decimal places.) $ 1966.77 How much interest would they earn over the life of the account? $ Determine the value of the fund after 11 years. . $ How much interest was earned during the 11th year? $ $