Find the Amount That Should Be Invested Now to Accumulate $\$ 44,000$

Multiple Choice

Find the amount that should be invested now to accumulate the following amount, if the money is compounded asindicated.
- $\$ 44,000$ at $5 \%$ compounded semiannually for $4 \mathrm{yr}$

A) $\$ 53,609.73$
B) $\$ 36,198.91$
C) $\$ 36,112.85$
D) $\$ 7887.15$