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Assuming that today is the end of 2 0 2 0 , you are considering investing $ 8 , 0 0 0 in your investment

Assuming that today is the end of 2020, you are considering investing $8,000 in your investment account from the end of 2021. The amount of investment will increase at a rate of 5% per year. You plan to end your contribution to the investment account by the end of 2028. If the annual return of the investment account is expected to be 8%, the present value of the investment is:
A. $99,593 
B. $47,725 
C. $81,793 
D. $53,807 

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