12

Assume that, starting next year, you will make deposits of $683 each year into a savings account. You will make a total of 11 annual deposits. If the savings account interest rate is 15%, what is the present value of this savings plan? Enter your answer in terms of dollars and cents, rounded to 2 decimals, and without the dollar sign. That means, for example, that if your answer is $127.5678, you must enter 127.57