11. Mr Robert Lee wants to buy a new boat in two years time. He estimates the boat will cost $86,600 at that time. He wishes to deposit an equal sum of money into a BankEast Ltd savings account every two weeks for the next two years in order to accumulate enough money to purchase the boat. If the BankEast account is paying interest at a rate of 14% p.a. compounded annually, how much must Mr Lee deposit every two weeks?

    a) $1,380 b) $1,400 c) $1,433 d) $1,448 e) $1,460