Assume that you contribute $300 per month to a retirement plan for 10 years. Then you are able to increase the contribution to $500 per month for another 20 years. Given a 6 percent interest rate, what is the value of your retirement plan after 30 years?

Select one:

Select one:

a. $424,305.97

b. $280,475.66

c. $72,479.86

d. $393,762.69