Exercise B$-17($Algo$)$ Future value of an amount plus an annuity LO P$2,$ P$4$

Starr Company decides to establish a fund that it will use $3$ years from now to replace an aging production facility. The company will

make a $$110,000$ initial contribution to the fund and plans to make quarterly contributions of $$51,000$ beginning in three months. The

fund earns $16\%,$ compounded quarterly. $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided. Round your "Table Factor" to $4$ decimal places and final answers to the

nearest whole dollar.

What will be the value of the fund $3$ years from now?

Answer is complete but not entirely correct.