Trish receives $450 on the first of each month. Josh receives $450 on the last day of each month. Both Trish and Josh will receive payments for next four years. At a discount rate of 9.5 percent, what...

Trish receives $450 on the first of each month. Josh receives $450 on the last day of each month. Both
Trish and Josh will receive payments for next four years. At a discount rate of 9.5 percent, what is the
difference in the present value of these two sets of payments?
Select one:
a. $151.06
b. $141.80
c. $162.50
d. $159.08
e. $154.30