5. At time t = 0, Sebastian invests 1200 into a fund earning 7% convertible quarterly, but payable annually. He reinvests each interest payment in individual separate funds each earning 5% convertible quarterly, but payable annually. The interest payments from the separate funds are accumulated in a side fund that guarantees an annual effective rate of 6% . Determine the total value of all funds at t = 11. (Hint: when reinvest the payments, interest payments will be increasing)