Woods has contributed $3600.00 per year for the last ten years into a RRSP account earning 9% compounded annually. His wife Karen, on the other hand, contributed $300 at the end of every month for the same period into a RRSP account earning 9% compounded monthly. Who earns more interest at the end of 10 years and by how much?

Select one:

A. Karen by $22 054

B. Wood by $3360

C. Karen by $58 054

D. Karen by $3360

E. Wood by $54 695