Since the birth of his daughter, 17 years ago, Kimberly has deposited $150 at the beginning of every month into a Registered Education Savings Plan (RESP). The interest rate on the plan was 5.50% compounded monthly for the first 8 years and 5.10% compounded monthly for the next 9 years. What would be the accumulated value of the RESP at the end of 8 years? Round to the nearest cent.