At the beginning of each quarter for 10 years John makes a $2000 contribution to an investment. The investment earns a 3% nominal rate of interest convertible quarterly, but the interest does not compound within the investment. Instead, it is released at the end of each quarter, at which point John deposits the money into an account that he calls his reinvestment account, which earns 5% nominal interest converted quarterly. This reinvested moneys interest does compound. Find the balance in Johns reinvestment account at the end of 10 years