Jack places an amount of $80 in an account at the end of each year for 16 consecutive years beginning one year from today. If the interest rate is 6%, how much will Jack have at the end of the 16th year? $_____ Place your answer in dollars and cents. Do not include a dollar sign or comma in your answer. Work your analysis to at least four decimal places of accuracy.

Kou may attempt this question 2 more times for credit. Place your answer in dollars and cents. Do not include a dollar sign or comma in your answer. Work your analysis to at least four decimal places of accuracy