16) Your university is running a special offer on tuition. This year's tuition cost is $16,000. Next year's tuition cost is scheduled to be $16,640. The university offers to discount next year's tuition at a rate of 4% if you agree to pay both years' tuition in full today. How much is the total tuition bill today if you take the offer?

A) $33118

B) $32,981

C) $32,080

D) $32,000

I don't understand that If I need to add two tuition together or not.