Jack and Diane are lottery winners. They hold the ticket to the Grand Prize in the "Set for Life" Prize that makes 20 consecutive annual payments of $50,000 starting immediately. There is one exception: the eleventh payment (to be received at the end of year 10) is not $50,000 but only $20,000 (that is, this one payment is $30,000 LESS than the other 19). Which of the following comes closest to the present value of the prize if interest rates are 5%?
A. $635,849
B. $543,496
C. $970,000
D. $577,906
E. $591,154