Homework: Homework 3 Score: 0 of 1 pt 7 of 24 (7 complete) X Problem 4-10 (algorithmic) A new roof will cost $11,000. It will be installed in 11 years. If the interest rate is 8% per year, how much must be saved each year to accumulate $11,000 after 11 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.)