1.	Katie is going to receive $100 per month for the next twenty- three months. Wilt is going to receive $2,750 five years from now. Which one of the following statements is correct if both Katie and Wilt apply a 12 percent discount rate to these amounts?

A.	The present value of Katie and Wilt's money is equal.

B.	The value of Wilts money will be greater than the value of Katies money six years from now.

	C.	Katie's money is worth more than Wilt's money today.

D	In five years, the value of Katie's money will be equal to the value of Wilt's money.