Kristi Collmer and Ray Bergeron each received signing bonuses from their accounting firms today. Kristi received $5,000 immediately. Ray will receive $1,500 at the end of each year for the next 4 years. Assuming a 10% interest rate, who got the better deal and by how much (in today’s dollars)?
A. Kristi, by $245
B. Ray, by $1,400
C. Kristi, by $1,002
D. Ray, by $1,962
E. Ray, by $1,000