A local magazine is offering a $10,000 grand prize to one lucky winner. The prize will be paid in five annual payments of $2,000 each, starting one year after the drawing. How much would this prize be worth to you today if you can earn 8 percent on your money?

A. $5,550.50 B. $5,925.24 C. $6,050.82 D. $7,985.42 E. $8,624.25