David Bach, author of Start Late, Finish Rich, recommends paying yourself first, cutting small expenses such as by not going to Starbucks but brewing your own coffee, and saving 20% of your income. To get started saving, he recommends saving $2 per day. If you saved $2 per day for five years then invested that amount for an additional six years at 6% compounded quarterly how much would you have saved? Round to the nearest cent.