Question $1$

Richard has enrolled in a $401($k$)$ saving plan. He intends to deposit $$240$ eac

month; his employer does not contribute to his account.

His account pays $3\mathrm{.}8\%$ annually. He plans to retired in $28$ years.

How much money did Richard put into his $401(k)$ account over the $28$ years?

Round your answer to the nearest cent.