uestion 28 How much would you have to invest today in the bank at an interest rate of 8% to have an annuity of $8,000 per year for 8 years, with nothing left in the bank at the end of the 8 years? Select the amount below that is closest to your answer. (Ignore income taxes) Use the selections from the present value tables below. Present Value of $1 Period 4% 8% 4 0.855 0.681 81 0.731 0.540 16 0.534 0.292 All answers are rounded to the nearest dollar. A $45,976 OB. $70,808 OC $2.336 OD.$4,320 Present Value of an Annuity of $1 Period 4% 8% 4 3.630 3.312 8 6.733 5.747 16 11.652 8.851