The following table shows the average returns for some of the largest mutual funds commonly found in retirement plans. $($Assume end$-$of$-$month deposits and withdrawals and monthly compounding, and assume that the quoted rate of return continues indefinitely.$)$

Mutual

Fund Fidelity

Growth

Company Vanguard

$500$ Index PIMCO

Total Return Vanguard

Total Bond

Market Index

Rate of

Return $14\mathrm{.}83\%13\mathrm{.}25\%2\mathrm{.}77\%2\mathrm{.}67\%$

Type Stock fund Stock fund Bond fund Bond fund

For the past $15$ years you have been depositing $$700$ per month in the PIMCO bond fund, and you have now transferred your current balance to the Vanguard bond fund, where you plan to continue depositing $$700$ per month until you retire in $20$ years. How much can you anticipate having in the investment when you retire? HINT $[$See Example $1.]($Round your answer to the nearest cent.$)$

$

$496315\mathrm{.}27$

Incorrect: Your answer is incorrect.