You plan to accumulate $10,000 for a car in 5 years time. To do this, you will make 20 level deposits (quarterly) with the first deposit today. If you earn 5.7% per annum compounding quarterly, what regular deposit will be needed? (round to nearest cent; dont use $ sign or commas)

a.

$429.54

b.

$1688.38

c.

$435.66

d.

$878.35