Kristi Collmer and Ray Bergeron each received signing bonuses from their accounting firms today. Kristi received $5,000 immediately. Ray will receive $1,500 at the end of each year for the next 4 years. Assuming a 10% interest rate, who got the better deal and by how much (in todays dollars)?

A. Kristi, by $245

B. Ray, by $1,400

C. Kristi, by $1,002

D. Ray, by $1,962

E. Ray, by $1,000

Present Value of $1 10.97087 0.96154 0.95238 0.9434 0.93458 0.92593 0.91743 0.90909 3 1.12486 .15763 1.19102 1.22504 5 1.216651.27628 1.33823 1.40255 1.46933 1.538621.61051 0.82193 0.78353 0.74726 0.71299 0.68058 0.649930.62092 1.71382 1.82804 1.94872 7 0.813090.75992 0.71068 0.66506 0.62275 0.583490.547030.51316 9 1.42331 1.55133 1.68948 1.83846 12 1.60103 .79586 15 1.800942.078932.39656 2.75903 3.17217 3.64248 4.17725 15 0.64186 0.55526 0.48102 0.41727 0.36245 0.31524 0.274540.23939 0.3118 0.25842 0.21455 0.17843 0.14864 2.6533 3.20714 3.86968 4.66096 5.60441 nnu 0.97087 0.961540.95238 0.93458 0.92593 0.91743 0.90909 2 1.91347 1.88609 1.859411.83339.80802 1.78326 1.759111.73554 4 4.24646 4.31013 4.37462 4.439944.506114.57313 6 5.417195.24214 5.07569 4.917324.766544.62288 4.48592 4.35526 7 6.23028 6.00205 5.78637 5.58238 5.38929 5.20637 5.03295 R842 8 7.01969 6.73274 6.463216.20979 898298.14201 8.39384 8.65402 9.20043 9.48717 9.89747 10.259810.6366311.0284711.43589 77.898298.14201 8.393848.65402 8.9228 9.20043 9.4871 6.23028 6.00205 5.78637 5.58238 5.38929 5.20637 5.03295 5.9713 5.74664 5.53482 93 10 12.0061112.57789 13.18079 13.81645 14.4865615.1929315.93742 8.1109 7.721737.36009 7.02358 6.710086.417666.14457 12 15.0258115.9171316.8699 898649.29498 8.74547 8.24424 7.78615 7.36669