During Jack's first year at college, his father had been sending him $120 per month for incidental expenses. For the
sophomore year, his father decided instead to make a deposit into a savings account on August 1 and have his son
withdraw $120 on the first of each month from September 1 to May 1. If the bank pays 9% interest compounded monthly,
how much should Jack's father deposit?
Jack's father should deposit $
(Do not round until the final answer. Then round to the nearest cent as needed.)