Sally is planning major renovations to her home. A new driveway will cost $15,000 in 2 years, and a revamped bathroom will cost $12,000 in 3 years. If Sally can invest funds at 4%, compounded semi-annually, how much should be invested today to undertake these renovations?

Select one:

a.

$24,003

b.

$24,513

c.

$24,536

d.

$24,907