You have the alternative of paying for university fees today for a payment of $14,000. Alternatively, you can select a payment plan where you pay $4,000 in 6 months from today and another $11,000 in exactly 18 months from today. If the interest rate is 6%p.a. compounding monthly, what is the advantage that the payment plan has over the upfront payment (expressed in present day value)?

Select one:

A. $62.43

B. $37.12

C. -$37.12

D. -$1,000.00