A bank is negotiating a loan. The loan can either be paid off as a lump sum of $100,000 at the end of five years, or as equal annual payments at the end of each of the next five years. If the interest rate on the loan is 8%, what annual payments should be made so that both forms of payment are equivalent? O A. $23,864 B. $27,274 C. $13,637 D. $17,046