If Lucy invests $3,000 twice each year into a mutual fund for the next 20 years, what is the future value...

3. If Lucy invests $3,000 twice each year into a mutual fund for the next 20 years, what is the future value of the investment? The mutual fund she has chosen contains various stocks and is expected to yield 5% semi-annually.
Using the Future Value of Ordinary Annuity table, the factor at 2.5% for 40 compounding periods is 67.40255.
$223,570.45
$120,000.00
$404,415.30
$202,207.65