Jim sets up a retirement annuity in which he deposits $200 per month. The annuity pays 3% compounded monthly. He plans to make deposits for the next 20 years. 1. How much money will be in the account...

  Jim sets up a retirement annuity in which he deposits $200 per month. The annuity pays 3% compounded monthly. He plans to make deposits for the next 20 years.

1. How much money will be in the account after 20 years?

2. How much of the money in the account is interest after 20 years?