A Moving to another question will save this response. 12.5 points Save Answe 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% Present Value of an Annuity of $1 Period 4% 8% 4 3.630 3.312 4 0.855 0.681 6.733 8 5.747 8 0.540 0.731 8.851 11.652 16 0.292 0.534 16 All answers are rounded to the nearest dollar. $45,976