An investor wants to save money to purchase real estate. He buys an annuity with quarterly payments that earn 5.3% interest, compounded quarterly. Payments will be made at the end of each quarter. Find the total value of the annuity in 16 years if each quarterly payment is $178. Do not round any intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the list of financial formulas. si ? BR