You wish to draw from a fund you’re creating today with a 3% guaranteed compounded annual rate. You hope to withdraw $40,000 one year from now, $35,000 two years from now, and $25,000 three years from now, at which point the fund will be depleted. How much must you invest today to achieve this?

a. $94,704.35

b. $95,346.98

c. $95,255.12

d. $95,945.78