Selena wants to have enough funds to cover $13,000 per year for four years of her daughter's university expenses and will need the money at the beginning of each year. If her funds get an annual return of 4.1 percent, how much would she need to have in the account when her daughter starts university?

a.

$47,078

b.

$48,518

c.

$49,008

d.

$52,000