When Jamal graduated from college recently, his parents gave him $$1,220$ and told him to use it wisely. Jamal decided to use the money to start a retirement account. After doing some research about different options, he put the entire amount into a tax$-$deferred IRA that pays $12$ percent interest, compounded annually. Calculate how much money Jamal will have in his IRA at the end of $10$ years, assuming that the interest rate remains the same and that he does not deposit any additional money. Use $($Exhibit $1-$A$,$ Exhibit $1-$B$,$ Exhibit $1-$C$,$ Exhibit $1-$D$).$

Note: Use appropriate factor$($s$)$ from the tables provided. Round time value factor to $3$ decimal places and answer to $2$ decimal places.

IRA balance