It is now January. The current annual interest rate is $6\mathrm{.}4\%.$ The June futures price for gold is $$1485\mathrm{.}80,$ while the December futures price is $$1,494.$ Assume the June contract expires in exactly $6$ months and the December contract expires in exactly $12$ months.

Required:

a$.$ Calculate the appropriate price for December futures using the parity relationship? $($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

Answer is complete but not entirely correct.

$\backslash$table$[[$Price for December futures,$$,1,529\mathrm{.}86$