Jackson just received a settlement in a lawsuit that promises two future payments of $310, the first payment at the end of the 5th year, and the second at the end of the 10 year. Jackson, being profligate, doesn't want to wait and instead wants instead to spend all of the settlement money today. What is the present value of his settlement assuming the interest rate of 4%? INSTRUCTIONS: Place your answer in dollars and cents. Do not use a dollar sign or a comma in your answer. Work all calculations to at least four decimal points of accuracy.