On April 1, 1998, John opened a savings account with a nominal interest rate of 3.4% payable monthly by making a $100 deposit. At the same time he set up an investment fund with a nominal interest rate of 4.6% payable quarterly. John deposited $400 into the investment fund at the end of each quarter with his first payment being on July 1, 1998. The quarterly interest payments from the fund were directly deposited into the 3.4% savings account. 

Find the balance (FV) in the 3.4% savings account on July 1, 2003, just after the twentieth interest deposit is received from the 4.6% fund and monthly interest 0f 3.4% has been credited.