You are 21 years old today. Your grandparents set up a trust fund that will pay you $10,000 per year for 15 years, starting on your 65th birthday to supplement your retirement. If the trust can earn 6.5% per year, how much will your grandparents need to put in the trust fund today?

A.

$5,529.86

B.

$6,494.38

C.

$6,676.79

D.

$5,886.65

E.

$6,269.28