What Is the Present Value of a Constant, Continual Stream

Multiple Choice

What is the present value of a constant, continual stream of payments at a rate of $10,000 per year to continue forever starting 10 years from now? Assume an interest rate of 8% per annum, compounded continuously. Round to the nearest dollar.

A) $56,166
B) $54,892
C) $61,720
D) $59,010
E) $68,834