A newspaper editor starts a retirement savings plan in which $175 per month is deposited at the beginning of each month into an account that earns an annual interest rate of 6.4% compounded monthly....

A newspaper editor starts a retirement savings plan in which $175 per month is deposited at the beginning of each month into an account that earns an annual interest rate of 6.4% compounded monthly. Find the value of this investment (in dollars) after 20 years. (Round your answer to the nearest cent.)