If Arturo finishes college with an average grade of B+ or better, his parents will give him a gift of $50,000 exactly 4 years from now as a reward. The annual rate of return at which Arturo can invest the funds (with interest compounding annually at the end of each year) is 6%. Assuming his average grade in college turns out to be better than a B+, the present value today of the gift to be received by Arturo 4 years in the future (rounded to the nearest whole dollar) is: $39,605$39,516$37,248$38,000$63,123