Suppose you deposit $1,000 in 4 payment of $250 each on January 1of 2007, 2008, 2009 and 2010. How much would you have in your account on January 1, 2010, based on 8 percent annual compounding?

I cam up with an answer FV= $2,235.15. I used a calculator but can you show the work. one of my classmates came up with $1126.53 so trying to see who is right.