Today Is January 1

Multiple Choice

Today is January 1. Starting today,Sam is going to contribute $140 on the first of each month to his retirement account. His employer contributes an additional 50% of the amount contributed by Sam. If both Sam and his employer continue to do this and Sam can earn a monthly rate of ½ of 1 percent,how much will he have in his retirement account 35 years from now?

A) $199,45.944
B) $200,456.74
C) $249,981.21
D) $299,189.16
E) $300,685.11