Romba, a smart money lender, offers personal loans at an interest arte of 8.16% compounded annually for the first year and 8% compounded semi-annually thereafter. How much money did she lend Martha 3 years ago, if Martha owes her $45,450 today?

Select one:

a. $33,281.29

b. $35,919.80

c. $35,212.26

d. $34,867.45

e. $33,829.27