Walter deposits a fixed quarterly amount into an annuity account for his child's college fund. He wishes to accumulate a future value of $⁢80,000 in 12 years. Assuming an APR of 3.7% compounded...

Walter deposits a fixed quarterly amount into an annuity account for his child's college fund. He wishes to accumulate a future value of $⁢80,000 in 12 years. Assuming an APR of 3.7% compounded quarterly, how much of the $⁢80,000 will Walter ultimately deposit in the account, and how much is interest earned? Round your answers to the nearest cent, if necessary.