Question:

James deposits $291.49 each month into an annuity account for his child's college fund in order to accumulate a future value of

James deposits $291.49 each month into an annuity account for his child's college fund in order to accumulate a future value of $70,000 in 15 years. How much of the
$70,000 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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Amount James will deposit: $
Interest earned: $

James deposits $291.49 each month into an annuity account for his child's college fund in order to accumulate a future value of $70,000 in 15 years. How much of the $70,000 will James ultimately deposit in the account, and how much is interest earned? Round your answers to the nearest cent, if necessary. Formulas Answer How to enter your answer (opens in new window) Keypad Keyboard Shortcuts Amount James will deposit: $ Interest earned: $

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