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Please show all work 1. Ingrid Birdman can earn a nominal annual rate of return of 12%, compounded semi-annually. If Ingrid made 40 consecutive semi-annual

Please show all work

1. Ingrid Birdman can earn a nominal annual rate of return of 12%, compounded semi-annually. If Ingrid made 40 consecutive semi-annual deposits of $500 each, how much will she accumulate at the end of 20 years?

a. $20,000

b. $77,381

c. $82,024

d. $64,132

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