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Part $1$

Consider the two savings plans below. Compare the balances in each plan after $7$ years. Which person deposited more money in the$$ plan? Which of the two investment strategies is$$ better? Assume that the compounding and payment periods are the same for each pair.

Avery deposits $$$$100$ per month in an account with an APR of $5\%,$ while Devon deposits $$$$1200$ at the end of each year in an account with an APR of $5\%.$

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Part $1$

The balance in$$ Avery's saving plan after $7$ years was $$$enter your response here.

$($Round the final answer to the nearest cent as needed. Round all intermediate values to seven decimal places as$$ needed.$)$