Question: Your friend is saving for a new car downpayment. So , for the last 4 years he made deposits of $ 2 2 6 .

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 semi-annually.
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?
Question 6 options:
$3414
$3439
$3452
$3460

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