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

Type Stock fund Stock fund Bond fund Bond fund

Rate of

Return $30\mathrm{.}31\%17\mathrm{.}98\%3\mathrm{.}63\%3\mathrm{.}10\%$

For the past $15$ years you have been depositing $$300$ per month in the Vanguard Total bond fund, and you have now transferred your current balance to the PIMCO bond fund, where you plan to continue depositing $$300$ 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.$)$