Ben sold his small online business for $100,000. The purchaser will pay him $20,000 today, then $20,000 every year for the next
four years. Assume that Ben could invest a lump-sum payment today in an account yielding an interest rate of 4% annually. Find the total present value of all five payments. A.
$87,096
B.
$88,384
C.
$92,598
D.
$93,964
