Assume that a couple invests $$1050$ upon the birth of their daughter. Assume that the investment earns $5\mathrm{.}9\%$ compounded annually. What will the investment be worth on the daughter's $13$ th birthday?

The investment will be worth approximately $ on the daughter's $13$ th birthday.

$($Do not round until the final answer. Then round to the nearest cent as needed.$)$