An investment product promises to pay $$48,000$ at the end of $10$ years. If an investor feels this investment should produce a rate of return of $12\%,$ compounded annually, what's the most the investor should be willing to pay for the investment?

Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

Multiple Choice

$$17,309$

$$149,081$

$$15,455$

$$48,000$