José Martinez, an immigrant from Mexico, estimates that he needs $1,000 to start a (very) small grocery store in 4 years. How much must he deposit today if his credit union will pay 8% compounded quarterly? Click here to view periods 1-25 of the Present Value of a Dollar Table, Click here to view periods 26-49 of the Present Value of a Dollar Tablo. How much should he deposit today? (Round to the nearest cent as needed.)