your grandparents were so excited that you were excepted into a university that they created an account for you that pays you $5000 every six months. You have decided to save some of the money your grandparents are giving you each month so that you can go travelling when you graduate in three years. You have decided to put $40 per month, beginning immediately, into a savings account that pays 4% interest compounded semiannually. How much will you have saved by the end of three years?