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You are trying to decide how much money to put away to cover future expenses. You currently have 1 , 8 5 5 dollars in

You are trying to decide how much money to put away to cover future expenses. You currently have 1,855
dollars in your savings account. You expect the following cash flows at the end of the relevant years: an
expense of 3,057 dollars three years from now, an expense of 5,312 dollars seven years from now, and both
an inflow of 2,990 dollars and outflow of 6,786 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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