Wendy has set up an ordinary annuity to save for a retirement home in $14$ years. If her monthly payments are $$500$ and the annuity has an annual interest rate of $5\mathrm{.}7\%,$ what will be the value of the annuity when she retires?

The value of Wendy's annuity when she retires will be $

$($Round to the nearest cent as needed.$)$