Stanley plans to make regular savings of $300 per month for the next 11 years into an account that earns 8.5% 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. $63,223.56

b. $64,579.19

c. $65,028.73

d. $62,982.03