Gough wishes to save some money for a trip to Antarctica. He plans to make regular payments of $1,000 per month for the next 3 years into an account at Mawson Mutual Bank that earns 7% interest per annum compounded half-yearly. The first payment will be made immediately. The future value of Goughs savings one month after the last payment will be

a. $38,269.51

b. $40,099.47

c. $41,158.77

d. $39,856.49