Joseph Moore is a high school sophomore. He currently has $7,500 in a savings account that pays 6.96 percent annually. Joseph plans to use his current savings plus what he can save over the next four years to buy a car. He estimates that the car will cost $13,679 in four years. How much money should Joseph save each year if he wants to buy the car? (Round factor values to 6 decimal places, e.g. 1.521253 and the final answer to 2 decimal place e.g. 15.25.)

Joseph should save

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