Ted Bogart is receiving annual payments of $5,550 from his father's estate. The payments were expected to last another ten years. However, due to the recent stock market crash, the funds in his father's estate have been depleted and Ted will only receive annual payments for five more years, with the next payment due in a year. What is the impact on Ted in terms of present value, assuming an annual rate of nine percent? Loss of $15,293 o loss of $21,588 O gain of $14,030 loss of $14,030