Telsa Motors advertises that its Model S electric car saves $**570** per **month** in fuel costs. Assume that Tesla cars last for **10** years, fuel and electricity costs remain the same, and savings are made at the end of each month with the first saving of $570 in one month from now.

The effective annual interest rate is **15.8**%, and the effective monthly interest rate is **1.23**%. What is the present value of the savings?