Matt plans to start his own business once he graduates from college. He plans to save $2,200 every six months for the next three years. If his savings earn 6% annually (or 3% every six months), determine how much he will save by the end of the third year. (EV of $1, PV of $1, EVA of $1, and PVA of $1) (Use tables, Excel, or a financial calculator. Round your answer to 2 decimal places.)

What is the total savings?