Find the Amount That Should Be Invested Now to Accumulate $\$ 26,100$

Multiple Choice

Find the amount that should be invested now to accumulate the following amount, if the money is compounded asindicated.
- $\$ 26,100$ at $5 \%$ compounded annually for $3 \mathrm{yr}$

A) $\$ 30,214.01$
B) $\$ 3553.84$
C) $\$ 23,673.47$
D) $\$ 22,546.16$