(Nonannual compounding using a calculator) Hank Schrader plans to invest $1000 at the end of each quarter for 3 years into an account with an APR of 6.4 percent compounded quarterly . He will use this money as a down payment on a new home at the end of the 3 years. How large will his down payment be 3 years from today?

After

3 years, Hank will have $ enter your response here.

(Round to the nearest cent.)