You are a financial adviser working with a client who wants to retire in eight years. The client has a savings account with a local bank that pays $8$ percent annual interest. The client wants to deposit an amount that will provide her with $$1,005,000$ when she retires. Currently, she has $$302,000$ in the account. $($EV of $$1,$ PV of $$1,$ FVA of $$1,$ and PVA of $$1)$

Note: Use the appropriate factor$($s$)$ from the tables provided.

Required:

How much additional money should she deposit now to provide her with $$1,005,000$ when she retires?

Note: Round your intermediate calculations and final answer to nearest whole dollar.

Answer is complete but not entirely correct.

Additional deposit amount

$$,542,970$