BJs goal is to have $50,000 saved at the end of Year 5. At the end of Year 2, they can add $7,500 to their savings but they want to deposit the remainder they need to reach their goal today, Year 0, as a lump sum deposit. If they can earn 4.5 percent, how much must they deposit today?

rev: 07_04_2017_QC_CS-92838

$33,254.58

$33,108.09

$34,276.34

$34,642.28

$34,912.63