please include formula when answering, thank you.

Question 1 5 pts Suppose you deposited $2,437 in a bank account at the end of each year for the next 7 years. How much would be in that account at the end of the 7th year if the deposits earned 8% interest each year? (Work out the problem on a separate sheet of paper before entering the answer.) (Round up your answer to two decimal point)