You expect to save $1,000 at the beginning of every year for 8 years. During the first 3 years, your savings will earn 4%, compounded semi-annually. During the last 5 years, your savings will earn 5%, compounded monthly. How much money will you have after 8 years? Round to the nearest dollar.

Select one:

a. $9,844

b. $9,576

c. $9,991

d. $9,071