Your Aunt Dies and Leaves You $1M in Her Will,but

Multiple Choice

Your aunt dies and leaves you $1M in her will,but it must stay in trust for 10 years.You want to spend it now,so you go to the Bank to borrow against the bequest.You offer the $1M to repay interest and principal at the end of ten years.The Bank wants to earn 5% on its loan,so how much will it offer you today?

A) $613,913.25
B) $617,283.95
C) $675,564.17
D) $558,394.78
E) $1,000,000.00