Problem $04\mathrm{.}045-$ Effort to save money for early retirement

In an effort to save money for early retirement, an environmental engineering colleague plans to deposit $$1300$ per month, starting

one month from now, into a fixed rate account that pays $8\%$ per year compounded annually. How much will be in the account at the

end of $16\mathrm{.}00$ years?

At the end of $16\mathrm{.}00$ years, the account will be $