Martina Has Already Accumulated $32,000 in Her RRSP

Multiple Choice

Martina has already accumulated $32,000 in her RRSP. If she contributes $2,500 at the end of every six months for the next 12 years and $400 at the end of every month for the subsequent eight years, how much will she have at the end of the 20 years? Assume that her plan will earn 6% compounded semi-annually for the first 12 years and 6% compounded monthly for the last 8 years.

A) $293,054
B) $200,247
C) $204,132
D) $154,398
E) $217,873