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Return to Jack and Diane and the Set for Life Lottery. The prize is 2 0 consecutive annual payments of $ 5 0 , 0

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

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