Assumed that a fund can pay dividend steadily for the coming 10 years, which will generate an equivalent return of 5% annually, and the bank charge is negligible.

Peter is thinking of investing $10,000 at the end of each month in this fund for the purpose of using it for the down payment of purchasing a real property in the future.

How much down payment would he have accumulated at the end of 10^th year? (Use 4 decimal places of the interest rate factor to do the calculation.)