A crafty loan shark sets up a payment plan for a struggling client. The first payment will be $4,000 at the end of the next year. The loan shark will require the payments to increase by 4% per year for a 20-year period (20 total payments). If the loan shark is charging a 8% APR, what is the loan shark loaning to the client today? (Round to the nearest dollar) $52,990 $56,985 O $47,584 $57,432 $49,000