Laura decided to begin saving towards the purchase of a new car in 5 years . If Laura put $ 500 at the end of each of each 6 - month period for 5 years and the account paid 6 percent compounded semiannually . How much will Laura accumulate after 5 years ? Note : Laura is only making 10 payments , with first payment is six months from today and the interest is compounded semiannually

a . $ 6,691.13

b . $ 5,637.09 $

c. $ 1,338.23

d . $ 5,975.32

e. $ 5,731.94