Paul Wants to Invest a Sum of Money Today That $\bold{\text{(Use appropriate factor(s)from the tables provided.)}}$

Multiple Choice

Paul wants to invest a sum of money today that will accumulate to $50,000 at the end of 4 years.Assuming he can earn an interest rate of 8% compounded semiannually,how much must he invest today? (PV of $1,FV of $1,PVA of $1,and FVA of $1) $\bold{\text{(Use appropriate factor(s) from the tables provided.) }}$

A) $36,535
B) $27,015
C) $42,740
D) $36,750
E) $31,414