Blossom Company issued $$700,000,9-$year bonds. It agreed to make annual deposits of $$75,500$ to a fund $($called a sinking fund$),$

which will be used to pay off the principal amount of the bond at the end of $9$ years. The deposits are made at the end of each year into

an account paying $4\%$ annual interest.

Click here to view the factor table.

What amount will be in the sinking fund at the end of $9$ years? $($For calculation purposes, use $5$ decimal places as displayed in the factor table

provided. Round answer to $2$ decimal places, e$.$g$.25\mathrm{.}25.)$

Amount in the sinking fund $