Javier is currently paying $$$$1$ comma $500$ in interest on his credit cards annually.$$ If$,$ instead of paying$$ interest, he saved this amount every$$ year, how much would he accumulate in a$$ tax$-$deferred account earning $7$ percent over $12,17,$ or $22$years$?$

$$Note: Round intermediate computations to at least five$(5)$ decimal places.

Click on the table icon to view the FVIFA$$ table: LOADING....

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Part $1$

$$If$,$ instead of paying$$ interest, this amount was saved every year in a$$ tax$-$deferred account earning $7\%$ over $12$years$,$ the amount accumulated would be $$$

$$

enter your response here.$($Round to the nearest$$ cent.$)$