A new roof will cost $9,000. It will be installed in 20 years. If the interest rate is 8% per year, how much must be saved each year to accumulate $9,000 after 20 years? Click the icon to view the interest and annuity table for discrete compounding when i=8% per year. If the interest rate is 8% per year, the amount to be saved annually is $ . (Round to the nearest dollar.)