What is the correct answer and how did I get to it?

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timer Asked: May 9th, 2015

Question Description

Dr. C put $300 every month into an annuity with an interest rate of 7.5% compounded monthly. If Dr. C deposits $300 per month for 30 years, what will be the value of the annuity? How much of the annuity will be from interest alone?

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