Sammy and Sydney, IU sweet hearts are planning their wedding, a destination wedding. Based on today's prices, their wedding costs $34,500. They expect that inflation on wedding costs will run 4.2% per year. Further, Sammy is finishing law school, so they have agreed to an extended engagement and set their wedding date to be 3 years from oday. In a financial discussion with each other, Sammy and Sydney reveal that they have saved $7,500 and $8,700 respectively. They plan to pool this money now and invest t in a low-risk bank certificate of deposit (CD) earning 3.3% per year. Any Annual savings will not be invested. Ignoring impact of taxes on investment income, how much more does the couple need to save each year to cover the wedding shortfall