Your answer is incorrect. On Juan's twenty-sixth birthday, he invested $7, 500 in a retirement account. Each year thereafter, he deposited 8 percent more than the previous deposit. The account paid annual compound interest of 5 percent. If Juan decided to wait 11 years before investing for retirement, how much would he have to invest at that time to have the same account balance on his sixtieth birthday? $ Round entry to the nearest dollar