A. $63,397 B. 69,737 C. 58,907 D. 80,000

Question 19 (3 points) Mike Fire just received news that he got admission to MIT. His uncle Botham Fire decided Mike needed to be rewarded for this performance and gave him $20,000 immediately. As long as Mike did wel in school (which Mike is confident of) Botham promised to pay 20.000 each one year from now, two years from now and three years from now to help Mike in College. At 10% rate, what is the value of all the money Mike received from Uncle Botham today