Peter deposits $500 at the end of every month for 3 years in a savings account. The account pays 12% interest, compounded monthly. Peter calculates that the future value of the ordinary annuity is $21,538.44. What would be the future value if deposits were made at the BEGINNING of each period rather than the End? (Calculate the future value by formula)

$21,753.83

$25,734.44

$22,273.44

$22,349.85