You Just Settled an Insurance Claim

You just settled an insurance claim.The settlement calls for increasing payments over a 10-year period.The first payment will be paid one year from now in the amount of $10,000.The following payments will increase by 4.5 percent annually.What is the value of this settlement to you today if you can earn 8 percent on your investments?

A) $76,408.28
B) $80,192.76
C) $82,023.05
D) $84,141.14
E) $85,008.16