Use the Following to Answer Questions

Multiple Choice

Use the following to answer questions
Present and future value tables of $1 at 3% are presented below:

-Jose wants to cash in his winning lottery ticket.He can either receive five $5,000 annual payments starting today,or he can receive a lump-sum payment now based on a 3% annual interest rate.What would be the lump-sum payment?

A) $23,586.
B) $22,899.
C) $21,565.
D) $23,000.