Suman Deposited $95 000

Multiple Choice

Suman deposited $95 000.00 in an RRSP on April 1, 2016, at 8.22% compounded quarterly. Subsequently the interest rate was changed to 8.5% compounded monthly on September 1, 2016, and to 8.8% compounded semi-annually on June 1, 2017. What was the value of the RRSP deposit on December 1, 2017, if no further changes in interest were made?

A) $97446.55
B) $103837.72
C) $108406.58
D) $101734.20
E) $112975.44