Larry and Carol have been looking for two years to buy a home. Each time they make an offer, someone out bids them. It has been a very frustrating process. In the meantime, they have been contributing to their Registered Retirement Savings Plan to eventually take advantage of the Home Buyer$$s Plan $($HBP$)$ to make their down payment.

What a crazy day! Larry and Carol just got the phone call that their offer was accepted. Finally!!! They are now scrambling to work out the maximum amount they can withdraw from their RRSPs for their total down payment under the HBP$.$ Larry made total RRSP contributions to date of $$30,200,$ while Carol has contributed a total of $$29,467.$ As of today, April $24,2024,$ the market value of Larry's RRSP is at $$34,125$ while Carol$$s is at $$36,739.$ Based on their current RRSP$\text{'}$s$,$ what is the maximum amount they can withdraw for their total down payment on a house under the HBP$?$

Home Buyer's Plan $($HBP$)$

Withdraw up to $$35,000$ per borrower and up to $$70,000$ per couple.

$15$ years to pay back the amount withdrawn

Select one:

a$.$

$$70,864$

b$.$

$$59,667$

c$.$

$$70,000$

d$.$

$$50,000$

e$.$

$$69,125$