Virat landed his first job at Telus upon graduating from Concordia in December 2023. After his 3 months of probation, Virat was offered to participate in Telus' Group Registered Retirement Savings Plan (RRSP). As he is only 22 years old, he is not yet ready to think about retirement and therefore decided not to participate in the company offering, even if the company would have matched his $300 monthly contribution. Assume that Virat would retire at age 65, how much would he have accumulated in his retirement plan if the plan averaged an annual return of 7% interest compounded semi-monthly?