Find the Lump Sum Deposited Today That Will Yield the Same

Multiple Choice

Find the lump sum deposited today that will yield the same total amount as this yearly payment (made at the end ofeach year for 20 years at the given interest rate, compounded annually) .
- $\$ 12,600$ at $8 \%$

A) $\$ 123,708.66$
B) $\$ 123,671.52$
C) $\$ 121,005.36$
D) $\$ 126,211.68$