You are scheduled to receive annual payments of $3600 for each of the next 12 years. The discount rate is 8%. What is the difference in the present value if you receive these payments at the beginning of each year rather than at the end of each year?
A) $ 2,170.39
B) $ 2,511.07
C) $ 2,021.18
D) $ 2,027.94
E) $ 2,304.96