You can invest a windfall of $40,000 today at 4% compounded annually. You don’t believe you can make another investment one year from now, but you believe that you can save enough that two years from now, you can deposit another $10,000 in the same investment, which will still be earning 4% compounded annually. How much will you have accumulated in this investment three years from now?

a. $50,400.00

b. $54,875.32

c. $55,394.56

d. $57,123.33