What is the present worth of a total 30 payments that increase by a fixed sum of $100, and is paid out at the end of every year. Note that the first payment of $400 will be paid out at the end of the first year. Calculate the present worth given the interest rate of 10%, compounded annually.
A) $14, 128.52 B) $10, 696.12 C) $11, 500.59 D) $12, 598.59 E) $11, 478.38