What is the future value FV after 4 years of the following i

What is the future value (FV) after 4 years of the following investments:

Payment $150 per quarter starting quarter 0. Interest Rate is 4 % semiannually.

Quarterly investment = $150

Number of quarters = 4 years = 4*4 = 16 quarters

Semi annul interest rate = 4%

Quarterly Interest rate = 4%/2 = 2%

The future value of this investment after 4 years is calculated in excel as =FV(rate,nper,pmt) =PV(0.02,16,150) = $2,795.89