Ryan is trying to get serious about his long-term savings for retirement and has started an individual retirement account (IRA) with a principal lump sum of $500. He is planning on consistently depositing $150 into his IRA every three months and hopes to earn an average APR of 6.5% compounded quarterly. If Ryan's IRA performs as he is predicting, how much will he have in his account in 45 years as he prepares to retire from his career?