You will deposit $300 per year for the next 5 years. You expectthe interest rate 1 year from now to be 8%, 2 years from now to be8%, 3 years from now to be 12%, and 4 years from now to be 9%. Ifyour forecast of interest rates is correct, how much money will youhave 5 years from now?
Round your answer to 2 decimal places, for example 100.12.