How much would you have to invest today in the bank at an Interest rate of 8% to have an annuity of $4,800 per year for 7 years, with nothing left in the bank at the end of the 7 years? Select the amount below that is closest to your answer. (Ignore income taxes.) Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using the tables provided. (Round your Intermediate calculations to 3 decimal places.) Multiple Choice $33,600 $24,989 $2,798 $31,111