Joseph and Margaret Garfield invested $7,200 in a savings account paying 8% annual interest when their daughter, Angela, was born. They also deposited $1,100 on each of her birthdays until she was 16 (including her 16th birthday). Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much was in the savings account on her 16th birthday (after the last deposit)? (Round answer to 2 decimal places, eg. 25.25.) Amount on 16th birthday $ $ 280,024.36