In three years time you plan to start saving a $ 100 and you will do so for the next 8 years thereafter. You plan to increase this amount by $100 year on year from the second deposit. Note this means in year 3 you will deposit $100, year 4 you will deposit $200, year 5 you will deposit $300, and so on. If the interest rate is 10% what is the value of the planned investment in present value terms?