Richard Miller is a high school sophomore. He currently has $7,500 in a savings account that pays 6.87 percent annually. Richard 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 $12,413 in four years. How much money should Richard 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.) Richard should save $ Save for Later Attempts: 0 of 3 used Submit