If you make monthly deposits of into an ordinary annuity earning annual interest rate of % compounded monthly, how much will you have in your account after years? How much interest did you earn in the first year? How much interest did you earn in the th year?

Amount in the account after years:

Interest earned in the first year:

Interest earned in the th year:

(Note: Your answers should include a dollar sign and be accurate to two decimal places)

You can earn partial credit on this problem.