Chen's family is saving for a home renovation that they would like to pay for with cash. They would like to begin the renovations at the end of 13 years. At the end of each year, the family deposits money into an account that earns 5% compounded annually. At the end of year 1, they save $3,000. They plan to increase the amount that they save by a constant amount, X. What will be the correct value of X, assuming their renovation costs $160,000? Click here to access the TVM Factor Table calculator. $ Carry all interim calculations to 5 decimal places and then round your final answer to a whole number. The tolerance is 13