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Cyrus deposits a fixed monthly amount into an annuity account for his child's college fund....

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Accounting

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Cyrus deposits a fixed monthly amount into an annuity account for his child's college fund. He wishes to accumulate a future value of $95,000 in 12 years. Assuming an APR of 3.4% compounded monthly, how much of the $95,000 will cyrus ultimately deposit in the account, and how much is interest earned? Round your answers to the nearest cent, if necessary

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