You are considering two investments: A and B, both providing a cash flow of $100 per year for N years. However, A pays you $100 at the end of each year, while B pays you $100 at the beginning of each year. The appropriate interest rate for the two investments is the same as K. If the fair price for A is $P, what should be the price for B? Select one:

a. $P/(1+K)

b. $P*(1+K)

c. $P/(1+K)N

d. $P(1+K)N