Your friend is saving for a new car downpayment. So, for the last 4 years he made deposits of $226.00 at the end of every six months earning interest at 5.7%compounded semiannually.
If your friend decides not to purchase a new car and leaves the accumulated balance for another ten years at 5.5% compounded quarterly, what will the balance be in your account?
a. $3414
b. $3439
c. $3452
d. $3460