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You are trying to decide how much money to put away to cover future expenses. You currently have 2 , 1 6 4 dollars in

You are trying to decide how much money to put away to cover future expenses. You currently have 2,164 dollars in your savings account. You expect the following cash flows at the end of the relevant years: an expense of 3,254 dollars three years from now, an expense of 6,262 dollars seven years from now, and both an inflow of 3,933 dollars and outflow of 7,148 dollars 8 years from now. How much money do you need to deposit today in order to honor these future financial obligations if your savings account yields 4% per year? Only a single deposit today is allowed; no other option available. (note: round your answer to the nearest cent, and do not include spaces, currency signs, plus or minus signs, or commas)

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