If possible, please show work/formulas.

(18) Return to Jack and Diane and the Set for Life Lottery. The prize is 20 consecutive annual payments of $50,000 beginning one year from today. And, as a bonus, the fifth payment and only the fifth payment is $75,000 instead of $50,000. Jack and Diane decide to wait until the end of year 20 to spend the money, preferring to reinvest all amounts in an account earning 4%. How much will they have at the end of year 20? A.$1,533,928 B.$1,679,320 C.$1,705,271 D.$1,718,149 E.$1,757,244