Marshall Has Received an Inheritance and Wants to Invest a Sum

Multiple Choice

Marshall has received an inheritance and wants to invest a sum of money today that will yield $5,000 at the end of each of the next 10 years.Assuming he can earn an interest rate of 5% compounded annually,how much of his inheritance 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) $50,000.00
B) $47,500.00
C) $45,125.00
D) $38,608.50
E) $100,000.00