Jason will receive a series of payments at the beginning of each year for 20 years. The first payment is 100. The subsequent 9 payments increase by 10% from the previous payment. After the 10th payment, each payment decreases by 10% from the previous payment. At an annual effective interest rate of 4%, calculate the present value of these payments at the time of the first payment.
A) 2,078.99
B) 2,118.01
C) 2,164.98
D) 2,193.24
E) 2,516.16