q30

Douglas plans to make regular savings of $500 per month for the next 7 years into an account that earns 6.8% interest per annum compounded half yearly. The first payment will be made immediately. The future value of his savings one month after the last payment is: Select one: a. $53,710.62 b. $53.412.15 O c. $52,002.59 O d. $52,521.57