only use the interest compounding method (not the simple method) In 10 months, Kathy plans to vacation in Europe and she needs to have 12,481 dollars in her bank account upon departure. Given that Kathy's bank account yields 2% per month and that her current balance is 1,316 dollars, she is trying to figure out how much she needs to save every month in order to achieve her goal (10 equal deposits at the end of each month). As she never attended a finance course, she wants your advice. How much does she need to deposit at the end of every month? (note: round your answer to the nearest cent, and do not include spaces, currency signs, plus or minus signs, or commas)