Johana plans to save $500 every year for the next 8 years, starting today. At the end of 8 years, Johana will turn 30 years old and plans to use her savings towards the deposit on a house. If her investment in an investment fund will earn 10.3 per cent annually, how much will she have saved in 8 years when she will need the money to buy a house?

a). $6,650.09

b). $6,500.10

c). $7,000.50

d). $5,900.25

e). $6,376.02