You have taken a new job with a start-up company. You agreed to a modest salary for the first two years, but if the company is successful you will be paid a $32,000 bonus at the end of your second year of employment. When you receive it, you plan to invest it for 5 more years and conservatively believe you can earn no less than 4.5 percent per year. Based on this assumption, how much money will you have 7 years from now?

$39,877.82

$41,687.14

$44,079.84

$47,908.12

$52,002.67