Carol wants to invest money in an investment account paying 8% interest compounding semi-annually. Carol would like the account to have a balance of $52,000 four years from now. How much must Carol deposit to accomplish her goal?

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, and PVA of $1).

A) $35,360

B) $26,000

C) $38,222

D) $37,996