You Just Settled an Insurance Claim That Calls for Increasing

You just settled an insurance claim that calls for increasing payments over a 10-year period. The first payment will be paid one year from now in the amount of $5,000. The following payments will increase by 3.5 percent annually. What is the value of this settlement to you today if you can earn 6.5 percent on your investments? 

A) $42,023.05 
B) $36,408.28 
C) $34,141.14 
D) $41,422.89 
E) $38,008.16