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What single payment today would replace a payment stream of $50,000 that will be paid today, again at the end of year 1, and again

What single payment today would replace a payment stream of $50,000 that will be paid today, again at the end of year 1, and again at the end of year 2, if money earns 4% compounded semi-annually?

Select one:

a.$85,865.39

b.$93,485.53

c.$94,384.98

d.$98,058.44

e.$97,484.92

No excel ark answers, please! Thank you

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