What is the present value of $$500$ received at the end of each year for six years starting in

year $5$ and ending in year $10$ if the discount rate is $8$ percent?

Please solve without excel, show all steps.

A$)$ $$1,573\mathrm{.}13$

B$)$ $$1,698\mathrm{.}98$

C$)$ $$1,904\mathrm{.}56$

D$)$ $$2,608\mathrm{.}14$

E$)$ $$2,311\mathrm{.}44$