You have recently been hired at a company, and as part of the compensation package, they offer you a choice to receive a $5-$year bonus via either of the following two options. You can receive $10$ semiannual payments of $$20,000$ for the next $5$ years, or can receive a single payment now. You look at interest rates prevailing in the markets, and decide that the appropriate rate for you is a rate quoted as $8\%$ APR. Which of the following would be a single payment amount that would make you indifferent between the two options?

Group of answer choices